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How well is my money protected?

Deposits are fully guaranteed by the Credit Union Deposit Guarantee Corporation (CUDGC). The unlimited guarantee covers all funds on deposit with our credit union, which includes:
  • Chequing accounts (US and Canadian).
  • Savings accounts.
  • Term deposits.
  • Registered plans such as RSPs.
  • Accrued interest on the above.
No application required since you are automatically covered.

Our complete Deposit Protection Service is supported by a unique three-level system. 

  • First Level Protection: Local credit union reserves provide a cushion against potential financial losses.
  • Second Level Protection: The Credit Union Deposit Guarantee Corporation provides members with an unlimited guarantee of their savings and deposits in all Saskatchewan credit unions.
  • Third Level Protection: An agreement exists between the Deposit Guarantee Corporation and Canada Deposit Insurance Corporation by which the latter acts as lender of last resort for liquidity funds should they be needed.

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

Deciding where to do your banking is like choosing other professionals in your life.
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