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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

 

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2017 Ontario Educational Credit Union
Suite 1, 6435 Edwards Blvd. | Mississauga, Ontario Canada L5T 2P7 | Tel: (905) 795-1637