CUDGC

Credit Union Deposit Guarantee Corporation

Your deposits are 100% guaranteed by the Credit Union Deposit Guarantee Corporation.  This means both the money you put in and the interest earned is safe and secure — up to any dollar amount! 

FAQS

Is Credit Union Deposit Guarantee Corporation part of the Alberta Government?

CUDGC is a Provincial corporation established under the Alberta Credit Union Act.  A board of Directors appointed by the Lieutenant Governor in Council of Alberta administers the Credit Union Deposit Guarantee Corporation. 

Are deposits in Alberta Credit Unions 100% guaranteed?

CUDGC guarantees the repayment of all deposits with Alberta Credit Unions, including accrued interest to the date of payout.  It is not affected by a Credit Union changing its name, amalgamating or entering into similar types of arrangements. 

What is not covered by the guarantee?

The 100% guarantee covers all deposits, including accrued interest to the date of payout.  The guarantee does not cover non-deposit investments, examples of which include common shares, investment shares, mutual funds and self-administered RRSP's that are not deposits (e.g. shares, mutual funds).

Which Credit Unions are covered by the 100% guarantee?

All Alberta Credit Unions are covered. 

For more information on this Deposit Guarantee, call toll free 1-800-661-0351 or visit www.cudgc.ab.ca.