four coloured squares rotating clockwise inside an orange circle

How well is my money protected?

Deposits are fully guaranteed by the Credit Union Deposit Guarantee Corporation (CUDGC). This unlimited guarantee covers all funds deposited with our credit union, including:

  • Chequing accounts (US and Canadian)
  • Savings accounts
  • Term deposits
  • Registered plans such as RSPs
  • Accrued interest on the above

No application is required as coverage is automatic.

Our comprehensive Deposit Protection Service is underpinned by a unique two-tier system:

  1. First Level Protection: Local credit union reserves act as a buffer against potential financial losses.
  2. Second Level Protection: The Credit Union Deposit Guarantee Corporation offers members an unlimited guarantee on their savings and deposits across all Saskatchewan credit unions.

Up Next: Why should I bank at Synergy Credit Union?

Deciding where to do your banking is like choosing other professionals in your life.
© 2021 Credit Union Deposit Guarantee Corporation. All rights reserved.
Synergy Credit Union uses cookies to improve your experience on our website. By continuing to browse the site you are agreeing to our use of cookies. You can find more information on our use of cookies here