Deposits Now Insured to $250K
Posted on January 02, 2018

Deposits Now Insured to $250K

Another Great Reason to Save More at DUCA!

DUCA, as an Ontario credit union, is regulated by the Deposit Insurance Corporation of Ontario (DICO).

DICO just increased their level of deposit insurance coverage to $250,000, up from $100,000.  This covers all your deposits held in non-registered accounts in Canadian currency such as:

  • Chequing and savings accounts
  • GICs and other term deposits
  • Money orders
  • Funds in transit
  • Index-linked term deposits (principal portion only)

This means that more of your savings are insured and completely protected.  In addition, insurable deposits in registered accounts such as RRSPs, RRIFs, RESPs, RDSPs, TFSAs, LIRAs, and LIFs, continue to have unlimited coverage.

For further information, we direct you to DICO’s website or ask you to contact your branch.