Be assured, your credit union deposits
are insured
Every member of a credit union in Ontario is covered by deposit insurance
through the Deposit Insurance Corporation of Ontario (DICO).
The Deposit Insurance Corporation of Ontario (DICO) is a corporation established
by the Credit Unions and Caisses Populaires Act specifically to provide deposit
insurance for credit union members against loss of part or all of their deposits.
New - September 2009
Deposits held in registered savings plans are separately insured from the deposits held in other accounts. All deposits made to registered savings plans are FULLY insurance with NO LIMITon the maximum amount. Registered savings plans include RRSP, RRIF, RESP, and TFSA.
Basic Protection
Member deposits are insured to a maximum of:
$100,000 for the combined total of all deposits (principal and interest combined) per member in each credit union.
PLUS
100% for deposits in
registered savings plasn (eg. RRSP, RRIF, TFSA and RESP)
For further information on deposit insurance coverage, contact the Deposit Insurance Corporation of Ontario at:
| Contact
Us |
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| Deposit Insurance Corporation
of Ontario |
Toll Free 1-800-268-6653 |
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