• Deposit Insurance
Signing Documents at a Meeting


As an Ontario Credit Union, we are regulated by the Financial Services Regulatory Authority (FSRA).

FSRA also insures your deposits in Ontario credit unions.

All deposits held in non-registered accounts in Canadian currency payable in Canada are covered up to $250,000.

Insurable deposits held in registered accounts are FULLY insured with no limit on the maximum amount.

What is covered under the $250,000 and is considered an insurable deposit:

  • Savings and chequing accounts
  • Term deposits
  • Money Orders
  • Funds in transit
  • Index-linked deposits (principle portion only)

What has unlimited coverage:

  • Registered savings plans like RRSPs, RRIFs and RESPs
  • Tax Free Savings Accounts

Separate coverage is provided for insurable deposits held in:

  • Join Accounts
  • Trust Accounts

For further information on deposit insurance, please ask for a brochure at the credit union or visit FSRA's website at www.fsrao.ca