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.