Credit Union Guarantee
Whether it's $1 or $1,000,000 all deposits are guaranteed by Credit Union Deposit Guarantee Corporation (CUDGC).
Learn more about CUDGC and the guarantee.
Becoming Federal
We’re applying to become a federal credit union headquartered in Saskatchewan.
When we become a federal credit union, your deposit insurance with CUDGC will switch to the deposit insurance Canada Deposit Insurance Corporation (CDIC) provides. The CDIC provides deposit insurance for federally regulated financial institutions overseen by the Office of the Superintendent of Financial Institutions (OSFI).
Learn more about changes to deposit insurance (pdf) when we become a federal credit union.
Our Strength
You’ll likely never need deposit guarantee insurance.
- No one has lost money through CDIC or CUGDC.*
- We follow strict guidelines.
- We have processes to ensure we remain strong and stable.
Federal regulation will only strengthen these processes and guidelines.
Sources: Message from the President and CEO - CDIC 2021 Annual Report and CUGDC website.