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Email this4:05 am
May 24, 2016
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When speaking with a rep yesterday I was told that the promo has been extended for two more weeks.
3:16 pm
July 16, 2026
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Hi, first timer here posting!
Is this credit union CDIC protected?
thx
6:59 pm
May 24, 2016
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“Your Neighbourhood Credit Union (YNCU) is a licensed credit union operating in, and under the laws of, the province of Ontario. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).” So not CDIC protected like a bank, but protected as stated.
9:00 am
December 20, 2016
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Runnerbb said
Hi, first timer here posting!
Is this credit union CDIC protected?
thx
As has been explained, YNCU like all provincially regulated credit unions are governed by the regulatory body of their respective Province. Coverage varies by Province, and most cover up to $250,000. Exception is Manitoba CU's that have no limit.
Stephen
2:56 am
November 18, 2017
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Don't BC Credit unions still have unlimited coverage too?
RetirEd
7:15 am
March 14, 2023
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BC, AB, SK, and MB deposit insurers provide unlimited coverage on all deposits.
ON and PEI cover registered accounts with no limit and $250,000 on Non-reg.
Others are $250k on everything except QC with $100k.
10:53 am
September 29, 2017
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For ON, keep this in mind:
"Separate Coverage
FSRA’s deposit insurance program provides separate coverage for insurable deposits held in joint accounts, trust accounts, registered accounts, and eligible business accounts."
https://www.fsrao.ca/consumers.....-insurance
