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Protection for Your Deposits
In Ontario, the moment
you become a credit union member and make a deposit, your insurable
deposits are protected. Non-registered insurable deposits held
at an Ontario credit union in Canadian funds, payable in Canada,
have a maximum coverage amount of $250,000, while deposits in
registered accounts have unlimited coverage.
For detailed information on deposit insurance please visit the
FSRA (Financial Services Regulatory Authority of Ontario) by
clicking on this link:https://www.fsrao.ca/consumers/credit-unions-and-deposit-insurance/deposit-insurance-reserve-fund-dirf |
