Credit Union Deposit Guarantee Corporation - Deposits Guaranteed Since 1953
The Guarantee
The Guarantee
Did you know...
The deposit guarantee is provided by legislative authority though The Credit Union Act, 1998.
Deposits held in Saskatchewan credit unions are fully guaranteed. There is no limit to the size of deposit covered by the guarantee – whether $100 or $1,000,000 or more, all deposits are fully guaranteed.
The Corporation’s system of deposit protection, including preventive approaches, strong levels of credit union capital and a strong guarantee fund ensure even the largest deposits are fully guaranteed.
In the history of the Corporation, no one has ever lost a dollar deposited in a Saskatchewan credit union.
The Corporation and Saskatchewan credit unions have never had to rely on the government for financial assistance or bailouts.