613 236 1222 ext. 5484


Q: Are my deposits insured?

  • Your money is safe and secure with your credit union. No member of an Ontario credit union has ever lost a cent of his or her deposits. The Deposit Insurance Corporation of Ontario insures Canadian currency deposits, including interest, to a maximum of $250,000 per individual. It also insures each separate RRSP, RRIF and RESP contract and each unique trust or joint account completely. 

  • For full details on deposit protection, visit www.dico.com
  • The maximum basic coverage that is available for all eligible deposits that are held in the name of a depositor at a single member institution is $250,000 (includes interest and dividends). DICO provides separate coverage up to a maximum of $250,000, (includes interest and dividends) for each of the following types of eligible deposits:


  • deposits held jointly, in the name of two or more persons
  • deposits held in trust for one or more beneficiaries;
  • deposits held in registered plans such as RRSPs, RRIFs, RESPs, and OHOSPs
  • deposits held in the name of a corporation, partnership or association.


  • Eligible deposits held at different credit unions are separately insured. Eligible deposits held at different branches of the same credit union are combined for the purposes of determining the maximum insurance coverage.

Q: How can I structure my accounts to get the most protection?

Q: If the Canada Deposit Insurance Corporation (CDIC) increases its deposit insurance from $100,000 to some higher amount, will credit unions receive the same coverage?

Q: Is my credit union financially stable?

Q: Is the provincial credit union system stable?

Q: How safe is our deposit insurer?

Q: How stable is the Canadian banking system?

Q: Are credit unions funded differently than banks?

Q: What is happening to the markets and the economy? What does it mean for me?