Coverage

The Credit Union Deposit Guarantee Corporation insures deposits of Members and Associate Members of credit unions in Newfoundland and Labrador up to $250,000 per type of deposit. The types of deposits insured include Basic Deposits (non-equity shares, chequing and savings accounts, term deposits, guaranteed investment certificates, etc.), Joint Deposits, Registered Savings Plans (RRSP’S, RRIF’S, and TFSA’S), and Trust Accounts. Please refer to the brochure below for more details and deposits that are not insured.

CUDGC Brochure 2022

UPDATES/CHANGES TO MOST RECENT VERSION OF THE CUDGC BROCHURE:

  1. As of April 2023, First Home Savings Accounts will be recognized as an insurable deposit under the heading of Registered Deposits by the Credit Union Deposit Guarantee Corporation (this change will be reflected in the next printing of the CUDGC Brochure).