Credit unions · British Columbia
British Columbia credit union deposit insurance
Deposits at provincially regulated British Columbia credit unions are protected by the Credit Union Deposit Insurance Corporation of British Columbia: unlimited — 100% of eligible deposits for non-registered deposits. Below: the insurer’s rules for registered deposits, how to complain, and the province’s credit unions.
Checked October 30, 2026How much of my money is protected at a British Columbia credit union?
Worked example — non-registered deposits at one British Columbia credit union
| Deposit | Amount | Protected | Not protected |
|---|---|---|---|
| $50,000 in your own name at one British Columbia credit union | $50,000 | $50,000 | $0 |
| $150,000 in your own name at one British Columbia credit union | $150,000 | $150,000 | $0 |
| $300,000 in your own name at one British Columbia credit union | $300,000 | $300,000 | $0 |
British Columbia protects eligible deposits in full, so the amount doesn’t change the answer. Federal credit unions in British Columbia are covered by CDIC instead, at $100,000 per category.
| British Columbia | |
|---|---|
| Insurer | Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), overseen by the BC Financial Services Authority |
| Non-registered deposits | Unlimited — 100% of eligible deposits |
| Registered deposits | Unlimited |
| Complaints | B.C. credit unions offer OBSI to their members under the Credit Union Complaint Resolution Regulation. |
Good to know
- Unlimited protection has applied since 2008 amendments to the Financial Institutions Act.
- Covers deposits at provincially regulated B.C. credit unions wherever the depositor lives.
- BCFSA notes the guarantee is not an obligation of, or backstopped by, the provincial government.
- Coast Capital — which absorbed Prospera and Sunshine Coast on May 6, 2026 — is a federal credit union insured by CDIC, not CUDIC. Deposits made before that date kept transitional coverage at the B.C. level (demand deposits for 180 days; term deposits to maturity).
Profiles in our directory
How BC compares with CDIC
British Columbia credit union deposits have no dollar cap, while CDIC covers up to $100,000 per category at each member. A federal credit union in British Columbia would be CDIC-insured instead.
Check whether your credit union is provincial or federal before relying on these limits — the directory shows each one.
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