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.