Are credit union deposits insured? Limits for every province
Quick summary
Yes. Every province has an insurer for its credit unions. Four of them say they guarantee deposits with no dollar limit: British Columbia, Alberta, Saskatchewan and Manitoba. Ontario, Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland and Labrador state $250,000. Quebec states $100,000, the same as CDIC for banks. To compare a credit union with a bank, read credit union vs bank in Canada.
Checked November 3, 2026. Main source: CDIC: Your coverage (page metadata modified October 16, 2026). See all 13 sources.
Credit union deposit insurance, province by province
| Province | Insurer | Limit as the insurer states it | How old is the source |
|---|---|---|---|
| British Columbia | CUDIC | 100% of eligible deposits guaranteed, whatever the amount | No date on page |
| Alberta | Credit Union Deposit Guarantee Corporation | 100% of all deposits, including interest owed | No date on page |
| Saskatchewan | Credit Union Deposit Guarantee Corporation | All deposits guaranteed, no matter the amount | No date on page |
| Manitoba | Deposit Guarantee Corporation of Manitoba (DGCM) | Without limit. The Canadian Credit Union Association also says 100% | CCUA page last modified May 29, 2026. DGCM page has no date |
| Ontario | FSRA, Deposit Insurance Reserve Fund | $250,000 per depositor at each credit union for most accounts. Registered accounts (RRSP, TFSA and others) have no stated cap | No date on page |
| Quebec | Autorité des marchés financiers (AMF) | $100,000 per category, per person, per institution | No date on page |
| New Brunswick | NBCUDIC | $250,000 per category, with nine categories | Brochure dated January 1, 2024 |
| Nova Scotia | NSCUDIC | $250,000 per depositor, with separate limits for joint, trust and each registered plan | Page last modified September 10, 2026 |
| Prince Edward Island | PEI Credit Union Deposit Insurance Corporation | $250,000 per depositor, per credit union. Registered plans have no stated cap | No date on page (2026 copyright) |
| Newfoundland and Labrador | Credit Union Deposit Guarantee Corporation (NL) | $250,000 per type of deposit | Page last modified November 6, 2023 |
| Yukon, Northwest Territories, Nunavut | Not found | We did not find a credit union insurer for the territories. Ask the institution | Not applicable |
Sources are listed at the end of this guide, all checked November 3, 2026. Limits and wording change, so use the insurer's own page for the final answer. A "no date" source is a page that shows no last updated date.
How CDIC works for banks
CDIC insures eligible deposits at its member institutions up to $100,000 per insured category, per institution. Principal and interest are counted together. The categories are deposits in one name, joint deposits, RRSP, RRIF, TFSA, RDSP, RESP, FHSA and trust deposits. You can have more than $100,000 insured in total if your money is in different categories.
Source: CDIC, Your coverage. The page's metadata shows it was last modified October 16, 2026.
What is usually not covered
- Mutual funds, stocks, bonds and ETFs.
- Credit union membership shares and equity shares, in most provinces. Prince Edward Island lists membership share accounts as covered, so check yours.
- Safety deposit box contents.
- Crypto assets. CDIC and the AMF both list them as not covered.
- Foreign currency deposits in some provinces. Ontario and Nova Scotia list them as not covered, while British Columbia, Manitoba, New Brunswick and Prince Edward Island list them as covered.
Why it matters: a high limit does not help if the product you own is not a deposit. Ask if your savings are a deposit before you count on the guarantee.
How to check your own credit union
- Find the insurer in the table, then open its page and read the limit.
- Ask your credit union to tell you in writing who insures it.
- Check which account types are covered, such as GICs, RRSPs and TFSAs.
- If you hold more than the limit, split your money across institutions or across account categories.
- Re-check once a year, because limits can change.
Questions people ask
Are credit union deposits insured in Canada?
Yes. Each province has a deposit insurer for its credit unions. Four provinces say they guarantee deposits with no dollar limit. Others state $250,000 or $100,000.
Is there a limit on credit union deposit insurance in Manitoba?
The Deposit Guarantee Corporation of Manitoba says deposits at Manitoba credit unions are guaranteed without limit. Member share capital and mutual funds are not covered.
How much is insured at an Ontario credit union?
FSRA states $250,000 per depositor at each credit union for most accounts. Registered accounts have no stated cap.
How much does CDIC insure at a bank?
Up to $100,000 per insured category, per member institution, including interest.
Is Quebec different?
Yes. Quebec has its own plan run by the AMF. It protects up to $100,000 per category, per person, per institution.
Do the territories have credit union deposit insurance?
We did not find a territorial credit union insurer. CDIC's list covers the 10 provinces. Ask the institution who insures your deposits.