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What CUDIC Covers

What CUDIC
Covers

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Have Financial Peace of Mind

All eligible deposits at B.C. credit unions are 100 per cent guaranteed by CUDIC. No matter the amount you put in, your money and interest earned are always protected.

What’s Covered

    • Savings accounts; 
    • Chequing accounts; 
    • Joint accounts; 
    • Trust accounts;  
    • Term deposits with no limit on the length of the term to maturity; 
    • Guaranteed Investment Certificates (“GICs”) that are in the form of money on deposit with a B.C. credit union; 
    • Foreign currency deposits;
    • Registered and tax-free savings accounts, such as Registered Retirement Savings Plans (“RRSPs”) and Registered Retirement Income Funds (“RRIFs”), that are in the form of money on deposit;
    • Accrued interest on deposits; and
    • Non-equity shares issued by the credit union before January 1, 2020, including declared but unpaid dividends on the non-equity shares.

What’s Not Covered

  • Safe deposit boxes;
  • Credit union equity shares;
  • Treasury bills;
  • Mutual funds, including money market funds;
  • RRSP equity plans; and
  • Non-equity shares, including declared but unpaid dividends on the non-equity shares, issued by the credit union after January 1, 2020.