Protecting Your Deposits
As a member of an Ontario credit union, your deposits are protected through the Financial Services Regulatory Authority of Ontario (FSRA). Non-registered insurable deposits have a maximum coverage amount of $250,000, while insurable deposits in registered accounts have unlimited coverage.
What is FSRA?
The Financial Services Regulatory Authority of Ontario (FSRA) is an independent regulatory agency created to improve consumer and pension plan beneficiary protections in Ontario. FSRA deposit insurance protects a wide range of deposits held at a credit union in Ontario.
