Credit unions · Newfoundland and Labrador
Newfoundland and Labrador credit union deposit insurance
Deposits at provincially regulated Newfoundland and Labrador credit unions are protected by the Credit Union Deposit Guarantee Corporation: up to $250,000 per type of deposit — basic, joint and trust each $250,000 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 Newfoundland and Labrador credit union?
Worked example — non-registered deposits at one Newfoundland and Labrador credit union
| Deposit | Amount | Protected | Not protected |
|---|---|---|---|
| $50,000 in your own name at one Newfoundland and Labrador credit union | $50,000 | $50,000 | $0 |
| $150,000 in your own name at one Newfoundland and Labrador credit union | $150,000 | $150,000 | $0 |
| $300,000 in your own name at one Newfoundland and Labrador 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.
| Newfoundland and Labrador | |
|---|---|
| Insurer | Credit Union Deposit Guarantee Corporation (CUDGC), Newfoundland and Labrador |
| Non-registered deposits | Up to $250,000 per type of deposit — basic, joint and trust each $250,000 |
| Registered deposits | $250,000 for registered savings plans (RRSPs, RRIFs, TFSAs); FHSAs insurable as registered deposits since April 2023 |
| Complaints | Newfoundland and Labrador credit unions offer OBSI to their members. |
Good to know
- The corporation is a provincial Crown corporation.
- Its coverage page does not say whether each registered plan type has its own $250,000 or whether they share one limit — ask your credit union.
How NL compares with CDIC
Newfoundland and Labrador’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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