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Credit union deposit insurance by province
Provincially regulated credit unions aren’t CDIC members. Each province protects their deposits its own way — from $100,000 per category in Quebec to no limit in four western provinces. Federal credit unions such as Coast Capital, Innovation and UNI are the exception: they are CDIC members. Pick a province below for the details.
Provincial insurers checked October 30, 2026
| Province | Insurer | Non-registered deposits | Registered deposits |
|---|---|---|---|
| British Columbia | Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), overseen by the BC Financial Services Authority | Unlimited — 100% of eligible deposits | Unlimited |
| Alberta | Credit Union Deposit Guarantee Corporation (CUDGC) | 100% of deposits, including accrued interest — no dollar limit | 100% — no dollar limit |
| Saskatchewan | Credit Union Deposit Guarantee Corporation (CUDGC) — Saskatchewan | Unlimited — the full amount of all deposits | Unlimited |
| Manitoba | Deposit Guarantee Corporation of Manitoba (DGCM) | Unlimited — all deposits including accrued interest | Unlimited |
| Ontario | Financial Services Regulatory Authority of Ontario (FSRA) — Deposit Insurance Reserve Fund | Up to $250,000 (principal and interest) per depositor, per credit union or caisse populaire | Unlimited for insurable deposits in RRSPs, RRIFs, TFSAs, RESPs, RDSPs, LIRAs, LIFs and FHSAs |
| Quebec | Autorité des marchés financiers (AMF) — deposit insurance fund | Up to $100,000 per category, per person, per authorized deposit institution (principal plus interest) | $100,000 per registered-plan category |
| New Brunswick | New Brunswick Credit Union Deposit Insurance Corporation (NBCUDIC) | Up to $250,000 per category (single name, joint, trust) | Up to $250,000 per plan type — RRSP, RRIF, TFSA, RESP, RDSP and FHSA each separate |
| Nova Scotia | Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC) | Up to $250,000 per member for basic deposits; joint deposits $250,000 combined; trust deposits separately to $250,000 | Each RRSP, RRIF, TFSA and RESP contract insured separately to $250,000 |
| Prince Edward Island | PEI Credit Union Deposit Insurance Corporation | Up to $250,000 per member per credit union (principal and interest); joint $250,000; trust up to $250,000 per beneficiary | Unlimited — RRSPs, RRIFs, RESPs, RDSPs, TFSAs and FHSAs held in savings or eligible term deposits |
| Newfoundland and Labrador | Credit Union Deposit Guarantee Corporation (CUDGC), Newfoundland and Labrador | Up to $250,000 per type of deposit — basic, joint and trust each $250,000 | $250,000 for registered savings plans (RRSPs, RRIFs, TFSAs); FHSAs insurable as registered deposits since April 2023 |
British Columbia
Credit Union Deposit Insurance Corporation of British Columbia
100%Alberta
Credit Union Deposit Guarantee Corporation
UnlimitedSaskatchewan
Credit Union Deposit Guarantee Corporation
UnlimitedManitoba
Deposit Guarantee Corporation of Manitoba
$250,000Ontario
Financial Services Regulatory Authority of Ontario
$100,000Quebec
Autorité des marchés financiers
$250,000New Brunswick
New Brunswick Credit Union Deposit Insurance Corporation
$250,000Nova Scotia
Nova Scotia Credit Union Deposit Insurance Corporation
$250,000Prince Edward Island
PEI Credit Union Deposit Insurance Corporation
$250,000Newfoundland and Labrador
Credit Union Deposit Guarantee Corporation
Exceptions that trip people up
- Federal credit unions — Coast Capital, Innovation, UNI and Tru Cooperative Bank — are CDIC members, not provincially insured. See federal credit unions.
- ATB Financial isn’t a credit union: its deposits are guaranteed by the Government of Alberta. Profile.
- Desjardins caisses in Quebec are insured by the AMF; Caisse Desjardins Ontario is covered by FSRA. Profile.
- Territories: we did not find a territorial credit union deposit insurer; ask any institution you consider which insurer covers your deposits.
How much of $300,000 is protected in each province?
Worked example — $300,000 in your own name at one credit union, province by province
| Province | Limit | Protected | Not protected |
|---|---|---|---|
| British Columbia | no limit | $300,000 | $0 |
| Alberta | no limit | $300,000 | $0 |
| Saskatchewan | no limit | $300,000 | $0 |
| Manitoba | no limit | $300,000 | $0 |
| Ontario | $250,000 | $250,000 | $50,000 |
| Quebec | $100,000 | $100,000 | $200,000 |
| New Brunswick | $250,000 | $250,000 | $50,000 |
| Nova Scotia | $250,000 | $250,000 | $50,000 |
| Prince Edward Island | $250,000 | $250,000 | $50,000 |
| Newfoundland and Labrador | $250,000 | $250,000 | $50,000 |
Unlimited provincial coverage is a real difference from CDIC’s $100,000 per category — but it depends on the credit union staying provincially regulated. If yours announces it is going federal, expect a transition to CDIC limits.
Frequently asked questions
Are credit unions covered by CDIC?
Provincially regulated credit unions are covered by their provincial insurer, not CDIC. Federal credit unions are CDIC members.
Which provinces have unlimited credit union deposit insurance?
British Columbia, Alberta, Saskatchewan and Manitoba guarantee eligible deposits without a dollar limit.
What is Ontario’s credit union deposit insurance limit?
FSRA insures up to $250,000 of eligible non-registered deposits per depositor per credit union, and eligible registered deposits without limit, in Canadian currency only.
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