GOVERNMENT GUARANTEES

CDIC information

The Canada Deposit Insurance Corporation (CDIC) is a federal Crown corporation created in 1967 to protect the money you deposit for eligible deposits in member financial institutions in case of their failure.

CDIC insures eligible deposits you make with its members.
Each CDIC member maintains a register of the eligible deposits it offers, which you may consult at its branches.

By law, the maximum basic protection for eligible deposits is $100,000 per depositor (principal and interest combined) in each member institution.

For further information please contact:

Canada Deposit Insurance Corporation
50 O’Connor Street, 17th Floor
P.O. Box 2340, Station D Ottawa
Ontario K1P 5W5

Toll Free: 1-800-461-CDIC

Website: www.cdic.ca

Assuris

Assuris is a not for profit organization that protects Canadian policyholders in the event that your life insurance company should fail.

For further information please contact:

Assuris
250 Yonge Street Suite 3110
P.O. Box 23
Toronto, Ontario M5B 2L7

Website: Assuris.ca
Email: info@assuris.ca

Toll Free: 866-878-1225

ALBERTA:

The Credit Union Deposit Guarantee Corporation (CUDGC) guarantees the repayment of all deposits with Alberta credit unions, including accrued interest. Additionally, the Credit Union Act provides that the government of Alberta will ensure that this obligation is carried out.

For further information please contact:

Credit Union Deposit Guarantee
2340 Manulife Place
10180-101 Street
Edmonton, Alberta T5J 3S4

Tel: (403) 428-6680
Fax: (403) 428-7571

Website: www.cudgc.ab.ca

BRITISH COLUMBIA:

All credit unions in the province have member deposit insurance coverage with the Credit Union Deposit Insurance Corporation (CUDIC) of British Columbia. Money deposited with a BC credit union is guaranteed by CUDIC up to a maximum of $100,000 “per separate deposit” as defined by regulation.

For further information please contact:

Financial Institution Commission
Suite 1900, West Pender Street
Vancouver, BC V6E 3S7

Tel: ( 604) 660-2947
Fax: (604) 660-3170

Website: www.fic.gov.bc.ca

MANITOBA:

The Credit Union Deposit Guarantee Corporation (CUDGC) is the deposit insurer for Manitoba credit unions. As Established under The Credit Unions and Caisse Populaires Act, the Corporation is required by law to guarantee all deposits by credit union members, without limit.

For further information please contact:

Credit Union Deposit Guarantee Corporation
100-233 Portage Ave
Winnipeg, Manitoba R3B 2A7

Tel: (204) 942-8480
Fax: (204) 947-1723
Toll Free: 1-800-697-447

Website: www.cudgc.com

NEW BRUNSWICK:

A maximum basic coverage of $60,000 for insured deposits (principal and interest combined); separate deposit coverage up to a maximum of $60,000 each for joint deposits, trust deposits and deposits held in registered retirement savings plans (RRSPs) and in registered retirement income funds (RRIFs) is provided by the Credit Union Stabilization Fund (CUSF).

For further information please contact:

Credit Union Stabilization Fund
235-200 Commercial Street
Moncton, NB E1C 8N6

Tel: (506) 853-7474
Fax: (506) 853-7280

NEWFOUNDLAND & LABRADOR:

The Credit Union Deposit Guarantee Corporation (CUDGC) insures deposits up to $60,000 (principle plus interest) per type of account per member. There are five types of accounts, namely: demand, joint, RRSP, RRIF and trust accounts.

For further information please contact:

Credit Union Deposit Guarantee Corporation
PO Box 8863, Station A,
St. John’s, Nfld. A1B 3T2

Tel: (709) 753-6405
Fax: (709) 753-0133

NOVA SCOTIA:

The Credit Union Deposit Insurance (CUDIC) insures deposits, including interest, to a maximum of $250,000 per individual and insures each separate RRSP or RRIF and each unique trust or joint account to a maximum of $250,000 per account.

For further information please contact:

Credit Union Deposit Guarantee Corporation
Suite 1401, Purd’s Wharf Tower I
1959 Upper Water Street
Halifax, Nova Scotia B3J 3N2

Tel: (902) 422-4431
Fax: (902) 492-3695

Website: www.nscudic.org

ONTARIO:

Each depositor in any one credit union or caisse populaire is insured by the Deposit Insurance Corporation of Ontario (DICO) to a maximum of $100,000 for the combined, principle, interest, and dividends relating to that member’s total deposits. RRSP, RRIF and unique trust or joint accounts are separately insured up to $100,000 per contract or account.

For further information please contact:

Deposit Insurance Corporation of Ontario
700 – 4711 Yonge Street
North York, Ontario, M2N 6K8

Tel: (416) 325-9444
Fax: (416) 325-9568
DirectLine (416) 325-9580

Website: www.dico.com

PRINCE EDWARD ISLAND:

All credit unions in the province are members of the Credit Union Deposit Insurance Corporation (CUDIC). CUDIC insures the total value of deposits held in registered retirement savings plans (RRSP) and registered retirement income funds (RRIF). In addition, each depositor with each credit union is insured to a maximum of $60,000 (priniple and interest); and separate insurance to a maximum of $60,000 for each unique trust or joint account.

For further information please contact:

Credit Union Central of PEI
281 University Avenue
PO Box 968
Charlottetown, PEI CIA 7M4

Tel: (902) 566-3350
Fax: (902) 368-3534

QUEBEC:

The Régie de l'assurance-dépôts du Québec (RADQ) is a body of the government of Québec created in 1967 to guarantee, on certain terms, that any person making one or more deposits in a registered institution will be reimbursed for that deposit or those deposits, up to $60,000 per person, per registered institution, particularly when that institution winds up.

Institutions registered with the RADQ include savings and credit unions (e.g. the caisses populaires et d'économie Desjardins) and their federations, the Confédération des caisses populaires et d'économie Desjardins du Quebec, trust companies and savings companies.

For further information please contact:

Régie De L'assurance-Dépôt du Québec
800, place D'Youville, 9e étage
Québec (Québec)
G1R 4Y5

Tel: (418) 528-9728
Fax: (418) 643-3336

Website: www.igif.gouv.qc.ca

SASKATCHEWAN:

Credit Union Deposit Guarantee Corporation (the Corporation) is the primary regulator for Saskatchewan credit unions.  A comprehensive program is in place to ensure that depositors’ funds are fully guaranteed and completely safe.  The Credit Union Act, 1998, empowers the Corporation to take whatever action is necessary to ensure deposits are safe and secure.  In over 50 years, no depositor has ever incurred a loss on deposits made in a Saskatchewan credit union.

For further information please contact:

Credit Union Deposit Guarantee Corporation
P.O. Box 3030
2055 Albert Street
Regina, Sk S4P 3G8

Tel: (306) 566-1286
Fax: (306) 566-1770