Ukrainian
Credit Cooperatives in Quebec
By
Jaroslaw Pryszlak
isses
populaires Dejardins (all other
Ukrainian credit unions belong to La Fdration des caisses d'conomie
Desjardins).
La caisse populaire ukrainienne was able to obtain this unique status
only
because a portion of the Ukrainian community of Montreal is Eastern
Rite
Catholic. Even so, its organizers obtained membership only
after arduous
and persistent efforts.
In the spring of 1951 a meeting of the initiating group of the future
Caisse
populaire ukrainienne was held. For the most part these were
immigrants
of the third, most recent, wave who were fluent in French, having
studied
in France and Belgium. One of their aims was to establish
relations
in the cooperative field with the francophone population of
Quebec.
The initiating group examined the constitution of the future credit
union,
to be called the Ukrainian Savings and Credit Cooperative (Ukrainska
Kooperatyva
Oshhchadnysty i Kredyty), and requested membership in La Fderation des
caisses populaires Desjardins. And here they met with
complications.
The first complication was that a request such as this from an ethnic
group
was entirely without precedent. The second complication was,
without
doubt, the statutory stipulation that membership in the Caisses
populaires
Desjardins was restricted to Catholics only, whereas the constitution
of
the newly founded Ukrainian credit union clearly stated that membership
was open to individuals of all Christian denominations. This
provision
the executive of the newly formed credit union refused to change.
Naturally, the initiators of the credit union knew full well that to
adopt
as restrictive a membership requirement as that of the Caisses
populaires
Desjardins in the context of such a small ethnic group as the Ukrainian
community of Montreal, itself divided internally between the Orthodox
and the Eastern Rite Catholics, could not only be
damaging economically,
but it would neither serve as a model of democracy nor promote
Ukrainian
in the city. And so, thanks to the insistence of its initiators
and
to the intervention of Father Irenei Nazarko, Father Ivan Hawryluk and
Father Josophat Jean, the executive of the new credit union was finally
granted membership in La Fderation des caisses populaires Desjardins
more
than a year after its initial application. At the time, of all
the
ethnic groups, this privilege was granted to Ukrainians alone. In
January of 1994, a Chinese credit union became a member of La
Federation
caisses populaires Desjardins.
In 1953, the newborn Ukrainian Savings and Credit Cooperative began
serving
its members out of the private residence of its first administrator,
Ivan
Telishevsky. Today, under the new name of La caisse populaire
ukrainienne,
it serves its members out of the Ukrainian Youth Centre on rue Beaubien
in Rosemont, built in 1975, where it offers all types of modern, high
quality,
computerized services.
These details underline quite clearly that a complex organizational
birth,
difficult economic circumstances, and eventual prosperity are
characteristic
features of the history of most of Ukrainian credit unions both in
Quebec,
and in Quebec as a whole.
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