Deposits held in all Saskatchewan Credit Unions are fully guaranteed through the Credit Union Deposit Guarantee Corporation(CUDGC). There is no limit to the size of deposit covered by the guarantee. Whether $100 or $1,000,000 all deposits are fully guaranteed. The Corporation’s system of deposit protection ensures that even the largest deposits are safe. This is achieved through a combination of:
- preventive approaches
- strong levels of credit union capital
- independent, in-system regulators who work closely with credit unions to ensure we operate soundly and prudently
In the history of the CUDGC:
- No one has ever lost funds deposited in a Saskatchewan Credit Union
- No Saskatchewan Credit Union has ever had to rely on the government for financial assistance or bailouts
That is a history Churchbridge Credit Union is very proud to be a part of. For more information, please visit CUDGC website.