Deposits held in Saskatchewan credit unions are fully guaranteed. There is no limit to the size of deposit covered by the guarantee – whether $1 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.