Credit unions · Prince Edward Island
Prince Edward Island credit union deposit insurance
Deposits at provincially regulated Prince Edward Island credit unions are protected by the 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 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 Prince Edward Island credit union?
Worked example — non-registered deposits at one Prince Edward Island credit union
| Deposit | Amount | Protected | Not protected |
|---|---|---|---|
| $50,000 in your own name at one Prince Edward Island credit union | $50,000 | $50,000 | $0 |
| $150,000 in your own name at one Prince Edward Island credit union | $150,000 | $150,000 | $0 |
| $300,000 in your own name at one Prince Edward Island 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.
| Prince Edward Island | |
|---|---|
| Insurer | PEI Credit Union Deposit Insurance Corporation |
| Non-registered deposits | Up to $250,000 per member per credit union (principal and interest); joint $250,000; trust up to $250,000 per beneficiary |
| Registered deposits | Unlimited — RRSPs, RRIFs, RESPs, RDSPs, TFSAs and FHSAs held in savings or eligible term deposits |
| Complaints | PEI credit unions offer OBSI to their members. |
Good to know
- Insured deposits must be repayable no later than five years after the deposit date.
- Some older third-party pages still quote $125,000; the corporation’s own FAQ states $250,000.
How PE compares with CDIC
Prince Edward Island’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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