Credit unions · New Brunswick
New Brunswick credit union deposit insurance
Deposits at provincially regulated New Brunswick credit unions are protected by the New Brunswick Credit Union Deposit Insurance Corporation: up to $250,000 per category (single name, joint, trust) for non-registered deposits. Federal credit unions are covered by CDIC instead. 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 New Brunswick credit union?
Worked example — non-registered deposits at one New Brunswick credit union
| Deposit | Amount | Protected | Not protected |
|---|---|---|---|
| $50,000 in your own name at one New Brunswick credit union | $50,000 | $50,000 | $0 |
| $150,000 in your own name at one New Brunswick credit union | $150,000 | $150,000 | $0 |
| $300,000 in your own name at one New Brunswick credit union | $300,000 | $250,000 | $50,000 |
Above $250,000, the rest is unprotected at that credit union; joint, trust and registered deposits have their own limits (above). Splitting money across two credit unions doubles the protected amount.
| New Brunswick | |
|---|---|
| Insurer | New Brunswick Credit Union Deposit Insurance Corporation (NBCUDIC) |
| Non-registered deposits | Up to $250,000 per category (single name, joint, trust) |
| Registered deposits | Up to $250,000 per plan type — RRSP, RRIF, TFSA, RESP, RDSP and FHSA each separate |
| Complaints | New Brunswick credit unions offer OBSI to their members. |
Good to know
- Nine categories, each up to $250,000, set by Regulation 2019-31 under the Credit Unions Act.
- FHSA coverage applies since January 1, 2024.
- UNI Financial Cooperation is a federal caisse insured by CDIC, not NBCUDIC.
Profiles in our directory
How NB compares with CDIC
New Brunswick’s limit ($250,000 for non-registered deposits) differs from CDIC’s $100,000 per category at each member. Check how joint, trust and registered deposits are treated in the table above.
Check whether your credit union is provincial or federal before relying on these limits — the directory shows each one.
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