Responsibilities | CUDIC
Overview

What is CUDIC?

The Credit Union Deposit Insurance Corporation (CUDIC), a government corporation, guarantees deposits and non-equity shares of British Columbia credit unions up to the limits prescribed by the Financial Institutions Act.

CUDIC's responsibility is to administer and operate a deposit insurance fund. The Financial Institutions Commission (FICOM), an agency of the Government of British Columbia, is responsible for administering CUDIC and for administering the regulation of financial institutions operating in the province.