We work behind the scenes to prevent credit unions from failing.
The following preventative measures allow us to fully guarantee deposits:
- We set standards for credit unions and monitor their adherence to these standards
- We hold credit unions accountable so they stay strong, stable, and compliant with provincial legislation
- We invest in programming that supports credit union decision-makers
- We help credit unions identify potential issues at an early stage
- We can direct a credit union to take action if necessary
- We will intervene on any issue that may put deposits at risk
Find more information about our preventative measures here.
