Deposit Insurance Corporation of Ontario

Protect Your Investments
up to $100,000 (unlimited for registered savings accounts)

The role of the Deposit Insurance Corporation of Ontario (DICO) is to protect depositors of Ontario credit unions. Deposit insurance is part of a comprehensive protection program in all Ontario credit unions, which is backed by provincial legislation.

Deposits include:

  • savings and chequing accounts;
  • term deposits, including index-linked term deposits;
  • guaranteed investment certificates (including registerd & non-registered funds);
  • interest and dividends payable on deposits.

Every member of a credit union in Ontario is covered by deposit insurance. Deposits may be held in individual accounts, joint accounts, trust accounts, corporate accounts, partnership accounts and registered savings plans.  Funds held in registered savings accounts (RRSPs, RRIFs, TFSAs) have unlimited deposit insurance coverage.

For further details of deposit insurance coverage, please refer to www.dico.com or you can call us for our FREE information booklet, which provides details and answers to many commonly asked questions.

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