Provincial Deposit Insurance

Credit unions in Canada are either provincially or federally regulated. Regulators have oversight over individual credit unions; and credit unions are required to meet standards and work with public agencies to ensure they are among the country’s soundest financial institutions. 

All provinces have deposit insurance coverage that provide credit union members with deposit protection equal to, or higher than, the big banks..

See below for a breakdown of the regulators, deposit insurers and credit unions in each province. Please refer to the website of the applicable provincial deposit insurer for further details. 

Alberta:

Alberta credit unions are provincially regulated by the Credit Union Deposit Guarantee Corporation. The Credit Union Deposit Guarantee Corporation also provides deposit insurance coverage, guaranteeing the repayment of all deposits with Alberta credit unions, including accrued interest. Learn More

AB credit unions:

  • Connect First and Servus Credit Union
  • 1st Choice Savings and Credit Union
  • Lakeland Credit Union
  • Vision Credit Union
  • Rocky Credit Union
  • ABCU Credit Union
  • Bow Valley Credit Union
  • Calgary Police Credit Union
  • Christian Credit Union
  • Khalsa Credit Union (Alberta)
  • TransCanada Credit Union
  • Vermilion Credit Union

British Columbia:

BC credit unions are provincially regulated by the BC Financial Services Authority. Deposit insurance coverage is provided by the Credit Union Deposit Insurance Corporation of British Columbia (“CUDIC”). Learn More

BC credit unions:

  • BlueShore Financial Credit Union
  • First West Credit Union
  • Prospera Credit Union
  • Vancity
  • Coastal Community Credit Union
  • Community Savings Credit Union
  • G&F Financial Group
  • Integris Credit Union
  • Khalsa Credit Union
  • Kootenay Savings Credit Union
  • Northern Savings Credit Union
  • Salmon Arm Savings and Credit Union
  • Sharons Credit Union
  • Sunshine Coast Credit Union
  • Bulkley Valley Credit Union
  • Columbia Valley Credit Union
  • Compensation Employees Credit Union
  • Creston and District Credit Union
  • First Credit Union
  • Greater Vancouver Community Credit Union
  • Heritage Credit Union
  • Ladysmith & District Credit Union
  • Lake View Credit Union
  • Nelson & District Credit Union
  • Osoyoos Credit Union
  • Revelstoke Credit Union
  • Summerland and District Credit Union
  • Vancouver Firefighters Credit Union
  • VantageOne Credit Union
  • Williams Lake and District Credit Union
  • Beem Credit Union

Manitoba:

Manitoba credit unions Caisse Financial Group are provincially regulated by the Deposit Guarantee Corporation of Manitoba. The Deposit Guarantee Corporation of Manitoba also provides deposit insurance coverage, guaranteeing 100% of deposits held with Manitoba credit unions and Caisse Financial Group. Learn more

MB credit unions:

  • Assiniboine Credit Union
  • Cambrian Credit Union
  • Steinbach Credit Union
  • Access Credit Union
  • Caisse Financial Group
  • Fusion Credit Union
  • Me-Dian Credit Union
  • Rosenort Credit Union
  • Stride Credit Union
  • Sunrise Credit Union
  • Westoba Credit Union
  • Belgian-Alliance Credit Union
  • Compass Credit Union
  • Flin Flon Credit Union
  • Niverville Credit Union
  • Swan Valley Credit Union
  • Winnipeg Police Credit Union

New Brunswick:

New Brunswick credit unions are provincially regulated by the Financial and Consumer Services Commission (FCNB). Deposit insurance coverage is provided by New Brunswick Credit Union Deposit Insurance Corporation. Learn more

NB credit unions:

  • Brunswick Credit Union
  • Beaubear Credit Union
  • Blackville Credit Union
  • NBTA Credit Union
  • OMISTA Credit Union
  • The Credit Union

Newfoundland:

Newfoundland credit unions are provincially regulated by the Department of Digital Government and Service NL. Deposit insurance coverage is provided by Credit Union Deposit Guarantee Corporation.  Learn more

NL credit unions:

  • Newfoundland and Labrador Credit Union
  • Atlantic Edge Credit Union
  • Community Credit Union
  • Public Service Credit Union
  • Reddy Kilowatt Credit Union​
  • Venture Credit Union​

Nova Scotia:

Nova Scotia credit unions are provincially regulated by the Nova Scotia Department of Finance. Deposit insurance coverage is provided by Nova Scotia Credit Union Deposit Insurance Corporation.Learn more

NS credit unions:

  • Credit Union Atlantic
  • East Coast Credit Union
  • Acadian Credit Union
  • Bay St. Lawrence Credit Union
  • Caisse Populaire de Clare
  • Cape Breton Credit Union
  • Coastal Financial Credit Union
  • Community Credit Union of Cumberland Colchester
  • Glace Bay Credit Union
  • iNova Credit Union
  • LaHave River Credit Union
  • New Ross Credit Union
  • New Waterford Credit Union
  • Princess Credit Union
  • The Dominion Credit Union Limited
  • ​Provincial Government Employees Credit Union
  • St. Joseph's Credit Union
  • Sydney Credit Union
  • Teachers Plus Credit Union
  • Valley Credit Union
  • Victory Credit Union

Ontario:

Credit unions in Ontario are provincially regulated by the Financial Services Regulation Authority (FSRA). Deposit insurance coverage is provided by the Deposit Insurance Reserve Fund administered by FSRA.  Learn more

ON credit unions:

  • Alterna Savings
  • DUCA Financial Services Credit Union
  • FirstOntario Credit Union
  • Libro Credit Union
  • Meridian Credit Union
  • Buduchnist Credit Union
  • Caisse Populaire Alliance
  • Copperfin Credit Union
  • IC Savings
  • Kawartha Credit Union
  • Kindred Credit Union
  • Mainstreet Credit Union
  • Northern Credit Union
  • PenFinancial Credit Union
  • Tandia Financial Credit Union
  • Ukrainian Credit Union
  • Windsor Family Credit Union
  • Your Neighbourhood Credit Union
  • Adjala Credit Union
  • Bay Credit Union
  • Comtech Fire Credit Union
  • Dundalk District Credit Union
  • Equity Credit Union
  • Finnish Credit Union
  • Fort York Community Credit Union
  • Frontline Financial Credit Union
  • Ganaraska Financial Credit Union
  • Golden Horseshoe Credit Union
  • Healthcare and Municipal Employees' Credit Union
  • Kingston Community Credit Union
  • Korean (Toronto) Credit Union
  • Korean Catholic Church Credit Union
  • L.I.U.N.A. Local 183 Credit Union
  • Luminus Financial
  • Momentum Credit Union
  • Motor City Community Credit Union
  • Moya Financial Credit Union
  • Lighthouse Credit Union
  • Northern Birch Credit Union
  • Ontario Educational Credit Union
  • Ontario Provincial Police Association Credit Union
  • Oshawa Community Credit Union
  • Parama Credit Union
  • Pathwise Credit Union
  • Rapport Credit Union
  • Smiths Falls Community Credit Union
  • Southwest Regional Credit Union
  • St. Stanislaus-St. Casimir's Polish Parishes Credit Union
  • Sudbury Credit Union
  • Taiwanese-Canadian Toronto Credit Union
  • Talka Credit Union
  • The Energy Credit Union
  • The Police Credit Union
  • Thorold Community Credit Union
  • Resurrection Credit Union
  • Your Credit Union

Prince Edward Island:

PEI credit unions are provincially regulated by the Department of Justice and Public Safety.  Deposit insurance coverage is provided by the Credit Union Deposit Insurance Fund. Learn more

PEI credit unions:

  • Consolidated Credit Union
  • Morell Credit Union
  • Provincial Credit Union
  • Souris Credit Union

Saskatchewan:

Saskatchewan credit unions are provincially regulated by Credit Union Deposit Guarantee Corporation.The Credit Union Deposit Guarantee Corporationalso provides deposit insurance coverage, guaranteeing the full repayment of deposits held in Saskatchewan credit unions. Learn more

SK credit unions:

  • Affinity Credit Union
  • Conexus Credit Union
  • Cornerstone Credit Union
  • Diamond North Credit Union
  • Innovation Credit Union
  • Prairie Centre Credit Union
  • Synergy Credit Union
  • TCU Financial Group
  • Weyburn Credit Union
  • Accent Credit Union
  • Bengough Credit Union
  • Unity Credit Union
  • Biggar and District Credit Union
  • Bruno Savings and Credit Union
  • Churchbridge Credit Union
  • Crossroads Credit Union
  • Cypress Credit Union
  • Dodsland and District Credit Union
  • Edam Credit Union
  • Foam Lake Credit Union
  • Kerrobert Credit Union
  • Lafleche Credit Union
  • Turtleford Credit Union
  • Luseland Credit Union
  • North Valley Credit Union
  • Prairie Pride Credit Union
  • Radius Credit Union
  • Raymore Credit Union
  • Rockglen-Killdeer Credit Union
  • Sandhills Credit Union
  • Saskatoon City Employees Credit Union
  • St. Gregor Credit Union
  • Stoughton Credit Union

Federal:

Federal credit unions are chartered under the Bank Act (Canada) and are regulated by the Office of the Superintendent of Financial Institutions (OSFI) and the Financial Consumer Agency of Canada (FCAC). Deposit insurance coverage is provided by The Canada Deposit Insurance Corporation (CDIC). Learn more

Federal credit unions:

  • Coast Capital Savings Federal Credit Union
  • UNI Financial

December 7, 2022

*This publication is provided for informational purposes only and does not constitute legal or financial advice.*