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In 1897 Desjardins became increasingly concerned with the problem of usury and undertook three years of careful research and correspondence with the founders of cooperative savings and credit movements in Europe. On December 6, 1900 Desjardins and his wife, Dorimène Roy Desjardins, co-founded the first Caisse d'épargne Desjardins in Lévis and opened for business the following month. Later renamed Caisses populaires Desjardins (and today Desjardins Group), the organization was a forerunner of current North American credit unions.