DEPOSITS ARE FULLY INSURED

Credit Union deposits are insured by the Deposit insurance Corporation of Ontario (DICO). The Canadian Deposit Insurance Corporation (CDIC) insures banks. The coverage is very similar with the exception of Registered deposits with which DICO can provide greater coverage. DICO insures all deposits in Canadian currency, payable in Canada. This comprises savings and chequing accounts, term deposits and guaranteed investment certificates, as well as investments made under Registered Retirement Savings Plans (RRSP) and Registered Retirement Income Funds (RRIF).