ON and PEI cover registered accounts with no limit and $250,000 on Non-reg.

Others are $250k on everything except QC with $100k.

Source: https://credituniondirectory.c.....-insurance

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

It might be my IQ has depleted with age, as data matters didn't used to be a problem. The question I have is, could the government have made this more difficult and time wasting? Its the old joke - desperate to fill your day with activity, just ask the government a question...

So I went elsewhere and here are simple results comparing all, done in two groups (banks and independent trust companies) because without that, data for FI's like Peoples Trust/Bank wouldn't be complete for comparison purposes.

1: https://www.google.com/search?.....sheet+size

2: https://www.google.com/search?.....sheet+size

NOTE: Having just checked opening these searches via the above links, you won't get a complete listing. While the search is open, put " " around the word ALL in the search, hit enter, and you will hopefully see the full list. And, as with all such google searches, you need to click on "show more" to see the full info. I'm not seeing consistent results after redoing these searches, you may need to fill in the "ask anything" area with specifics - sorry!

hwyc said

There was info regarding banks balance sheets on OSFI
https://www.osfi-bsif.gc.ca/en.....ncial-data

It is now stored inside Financial data on Open Government. The data points are raw and by the numbers. Here is one I dig up

Calendar Month/Mois civil
2026-04-30

Total All Banks/Total Industry Groups/FIs
Haventree Bank

Return Title
M4 - Consolidated Balance Sheet

Data Point Address/Adresse de point de donnee
1045

Data Point Address Label
Consolidated monthly balance sheet: assets, total assets, total

Measure Value/Valeur de mesure
4,496,402 (in thousands of dollars)

It was 2,227,933 in 2020 June 30 (meaning the balance sheet doubled in size)

For comparison, Tangerine was 46,134,832 in 2020 May 31

Hope this helps  

Haventree Bank's measure value of 2,227,933 in 2020 June 30 vs Tangerine of 46,134,832 in 2020 May 31 - does not mean Haventree Bank is much weaker compared to Tangerine? What does that OSFI Financial Data of Haventree Bank tell us?

hwyc said

There was info regarding banks balance sheets on OSFI
https://www.osfi-bsif.gc.ca/en.....ncial-data

It is now stored inside Financial data on Open Government. The data points are raw and by the numbers. Here is one I dig up

Calendar Month/Mois civil
2026-04-30

Total All Banks/Total Industry Groups/FIs
Haventree Bank

Return Title
M4 - Consolidated Balance Sheet

Data Point Address/Adresse de point de donnee
1045

Data Point Address Label
Consolidated monthly balance sheet: assets, total assets, total

Measure Value/Valeur de mesure
4,496,402 (in thousands of dollars)

It was 2,227,933 in 2020 June 30 (meaning the balance sheet doubled in size)

For comparison, Tangerine was 46,134,832 in 2020 May 31

Hope this helps  

Thanks - I was trying to find the actual Balance Sheet and Income Statement on the OSFI site but I could not locate it. Were you actually able to see a Balance Sheet and Income Statement for Haventree? I know the info for all banks was there at one time because I used to follow the mounting operational losses of WealthOne Bank - but I do not see this info now. If you have the link to the Haventree Balance Sheet and Income Statement on the OSFI site, I would be interested to receive it.

canadian.100 said
I was curious to see if I could find any financial information (Balance Sheet/Income Statement) available for Haventree, but since they are privately held, there is no requirement to disclose.  

There was info regarding banks balance sheets on OSFI
https://www.osfi-bsif.gc.ca/en.....ncial-data

It is now stored inside Financial data on Open Government. The data points are raw and by the numbers. Here is one I dig up

Calendar Month/Mois civil
2026-04-30

Total All Banks/Total Industry Groups/FIs
Haventree Bank

Return Title
M4 - Consolidated Balance Sheet

Data Point Address/Adresse de point de donnee
1045

Data Point Address Label
Consolidated monthly balance sheet: assets, total assets, total

Measure Value/Valeur de mesure
4,496,402 (in thousands of dollars)

It was 2,227,933 in 2020 June 30 (meaning the balance sheet doubled in size)

For comparison, Tangerine was 46,134,832 in 2020 May 31

Hope this helps

pentel said
Agree, 2.5% is not the best when compared to Oaken, Wealth One and Saven (top rate 2.85%) but 2.5% will put Haventree on the top 5 list on the HISA chart, that will make Haventree an attractive option where another $100K CDIC protection is needed.

Haventree's GIC rate is great too  

Points well taken!

Also, when maintaining CDIC limits, Oaken has $100,000 (Home Trust) AND $100,000 (Home Bank) at their current 2.85%.

I hope Haventree clarifies the various points raised and can become a contender for HISA's, as we need to replace some of the FI's we've lost in recent years due to mergers and acquisitions.

No doubt their GIC rates are their icing on the cake!

As they seem to be eager to make themselves known to savers and investors, wouldn't it be fortuitous if, say, Peter were to reach out to them and invite one of their execs to share their thoughts and clarify questions here on the Forum!

Wishful thinking??

Stephen

pentel said
https://www.haventreebank.com/.....th-account

That is the question I have too, if we are referring to the same thing. Haventree's webpage (above link) said something like:

Transfer money with ease.

Transfer money between Canadian financial institutions for funding, larger transfers, and cash flow management.

Up to $100,000 per transfer
Takes up to 5 business days

$100,000 per transfer is a bit troublesome when transferring multiples of $100,000. Is 5 days to transfer common?

Other questions (questions in general, not asking for chequing or debit cards in particular):
- does the savings accounts have cheques?
- does the savings accounts have a debit card?  

Thanks, we were looking at different things and your info answered it. In other words, they clarified it in another place. Its more than many banks allow (eg: Tangerine is $ 25k). I was referring to "Money Transfer" in the FAQ, - "Is there a limit on EFT" - " Yes. Limits apply to EFT transactions. To see your current transfer limits, log in to your account and go to settings."

dougjp said
Very interesting for the reasons pentel said. Their FAQ is pretty comprehensive and GICs purchased from a joint savings account automatically are in joint names (EQ, will you ever listen?). Also a 1 year GIC has highly competitive rates too.

The only exception in the FAQ is the EFT limit, for which they suddenly become completely vague. If anyone finds out what the daily limit is, does it vary and if so, why, AND most important how much time does an outgoing EFT take to arrive, please post here. I'm sure these are things we all want to know.  

https://www.haventreebank.com/.....th-account

That is the question I have too, if we are referring to the same thing. Haventree's webpage (above link) said something like:

Transfer money with ease.

Transfer money between Canadian financial institutions for funding, larger transfers, and cash flow management.

Up to $100,000 per transfer
Takes up to 5 business days

$100,000 per transfer is a bit troublesome when transferring multiples of $100,000. Is 5 days to transfer common?

Other questions (questions in general, not asking for chequing or debit cards in particular):
- does the savings accounts have cheques?
- does the savings accounts have a debit card?