You're Protected
CUDIC has made deposit insurance safe and simple, so you maintain your financial peace of mind.
All eligible deposits are automatically guaranteed. No limits on dollar amount. No application required.
Your money is 100% protected.
Your deposits are 100% insured by the Credit Union Deposit Insurance Corporation of British Columbia.
What is covered?
All money on deposit with a B.C. credit union is 100% guaranteed, including foreign currencies and accrued interest, regardless of the length of the term of maturity.
What is NOT covered?
Credit union equity shares and investments such as mutual funds or RRSP equity plans.
What happens if a B.C. credit union fails?
CUDIC will arrange prompt payment of all insured deposits. All you have to do is keep your contact information with your credit union up to date.
Want to know more?
The deposit guarantee is backed by the Deposit Protection Fund which is administered and operated by CUDIC with BC Financial Services Authority (“BCFSA”) providing oversight.
Looking for more information? Visit the CUDIC website.
The Credit Union difference.
Learn about the benefits of joining First Credit Union:
- You are an owner.
- Your deposits are 100% guaranteed.
- You have access to over 4,000 ding-free ATMs.
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