PEACE OF MIND THROUGH SECURITY

PREFACE

The Credit Union Deposit Insurance Corporation of British Columbia (CUDIC) is a government corporation that provides deposit insurance for members' deposits with BC credit unions. The Financial Institutions Commission, an agency of the government of BC, is responsible for administering CUDIC and for regulating financial institutions operating in the Province.

The following questions and answers address the most common deposit insurance topics. For more information please visit our website at www.cudicbc.ca

WHAT IS GUARANTEED?

All money on deposit and money invested in non-equity shares with a BC credit union is 100% guaranteed, including foreign currencies and accrued interest, regardless of the length of the term to maturity.

WHICH CREDIT UNIONS ARE COVERED BY THE GUARANTEE? HOW DO I APPLY?

Deposit insurance applies to all BC credit unions. It is not necessary to apply for deposit insurance.

WHAT IS NOT GUARANTEED?

Credit union equity shares and investments such as mutual funds or RRSP equity plans are not covered by the deposit insurance.

The information contained on this web page is presented in summary form for you convenience and should not be relied upon as a complete explanation of deposit insurance coverage. Reference should be made to the Financial Institutions Act and Regulations.

Additional information may be obtained by contacting:

Credit Union Deposit Insurance Corporation
c/o Financial Institutions Commission
Suite 1200 - 13450 102nd Avenue
Surrey, BC V3T 5X3

Tel. 604-953-5200,  Toll Free Phone: 1-866-206-3030
www.fic.gov.bc.ca

Rev. 2010

NO CREDIT UNION MEMBER HAS LOST AN INSURED DEPOSIT IN A BC CREDIT UNION SINCE THE CREDIT UNION DEPOSIT INSURANCE CORPORATION WAS CREATED IN 1958.