Today's financial term of the day is Caisse Populaire.
Caisse Populaire is a term used for a financial institution that is a cooperative and owned by the members. This institution still performs traditional banking duties along with other more diverse services like lending, investment dealing and insurance. These types of institutions are usually formed in Quebec, Canada. A Caisse Populaire is actually the same as a credit union.
Check back often for more financial terms, news and updates. Have a great week!
