Our Purpose

Protection of qualifying credit union member investments — the corporation facilitates financial stability by ensuring the credit unions and their trade associations are in compliance with legislation and sound business practices.

Our History

Established in 1991 under the Co-operative Societies Act, replacing the Newfoundland and Labrador Stabilization fund, which was enacted in 1983.

Your Benefit

The Credit Union Deposit Guarantee Corporation guarantees deposits up to $250,000 per account type: demand accounts, registered retirement savings plans, registered retirement income fund, trust accounts, and joint accounts.