Credit Union Deposit Guarantee Corporation - Deposits Guaranteed Since 1953
The Guarantee
The Guarantee
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The Corporation has successfully met its deposit guarantee obligations since it was established in 1953.
The guarantee applies to all forms of personal, business and trust deposits held in Saskatchewan credit unions.
This includes, but is not limited to:
- chequing or savings accounts
- term deposits such as GICs
- registered plans, such as RRSPs, on deposit in a credit union
- the Canadian equivalent of funds deposited in another currency
- accrued interest on deposits
- principal on index-linked term deposits – the return is guaranteed once the credit union is holding it
The guarantee covers all deposits in Saskatchewan credit unions regardless of membership, citizenship or residence of the depositor.