Deposit Insurance

Protect Your Investments up to $250,000 
(unlimited for registered savings accounts)

The Financial Services Regulatory Authority of Ontario (formerly DICO) provides deposit protection for all eligible deposits held at Ontario credit unions. This deposit insurance is part of comprehensive depositior protection program for all Ontario credit unions and is backed by provincial legislation. Subject to coverage limits, eligible deposits held with FSRA member institutions are automatically insured; you do not have to apply for coverage.

Deposits include:

  • savings and chequing accounts;
  • term deposits, including index-linked term deposits;
  • guaranteed investment certificates (including registered & non-registered funds);
  • interest and dividends payable on deposits.

Every member of a credit union in Ontario is covered by deposit insurance. Deposits may be held in individual accounts, joint accounts, trust accounts, corporate accounts, partnership accounts and registered savings plans. Funds held in registered savings accounts (RRSPs, RRIFs, TFSAs) have unlimited deposit insurance coverage.

For further details of deposit insurance coverage, please refer to our FREE information booklet, which provides details and answers to many commonly asked questions.