All deposits held in Saskatchewan credit unions are fully guaranteed.

Deposits held in Saskatchewan credit unions are fully insured against credit union failure. No matter the amount.

As the deposit guarantor and regulator for Saskatchewan credit unions, we guarantee the full amount of all deposits.

We maintain this full guarantee by:

• Taking preventative measures to help ensure credit unions do not fail
• Maintaining a guarantee fund used to repay all deposits should a credit union fail

Each province has its own credit union deposit protection program. The amount and type of deposit protection varies by province.

The Canada Deposit Insurance Corporation (CDIC) provides deposit insurance coverage for federally regulated financial institutions. Their members include banks, federally regulated credit unions, as well as loan and trust companies.

No one has ever lost a dollar deposited in a Saskatchewan credit union in our history due to credit union failure.

Click here to learn more about the Credit Union Deposit Guarantee Corporation.