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Your deposits are fully guaranteed
From $1 to $1M or more
Credit Union Deposit Guarantee Corporation guarantees the full repayment of deposits held in Saskatchewan credit unions.
The money you keep at Weyburn Credit Union is fully guaranteed through the Credit Union Deposit Guarantee Corporation (CUDGC). That means you're money be there when you need it, no matter what happens.
Whether you have $1, $10 million, or more in your accounts – every cent is guaranteed. The unlimited guarantee covers all funds on deposit with our credit union, which includes:
- Chequing and savings accounts
- GICs
- Registered plans, like RRSPs and RRIFs that we have on deposit
- Deposits in currencies other than Canadian dollars
- It even includes the interest you earn on your accounts
There are a few things that aren't covered, check here for that list.
No application is required since you are automatically covered.
If you have questions about the guarantee of all your deposits held with us, call our Contact Centre at 306-842-6641.
Our $0.02: #DYK, The Canada Deposit Insurance Corporation (CDIC) is a organization that provides a similar service to Canada’s banks. The big difference between CDIC and CUDGC is that CUDGC’s deposit guarantee is unlimited while CDIC’s tops out at $100,000.