As an Assiniboine member, all your deposits and interest are guaranteed without limit 100% by the Deposit Guarantee Corporation of Manitoba (DGCM). As established under The Credit Unions and Caisses Populaires Act, DGCM is required by law to guarantee, without limit, all your deposits at a Manitoba credit union.
However, DGCM does not guarantee or insure the equity of a credit union. Equity consists of shares issued by the credit union or other securities and surpluses of the credit union. Therefore, Assiniboine’s Preferred Shares are not guaranteed but all other Assiniboine deposits are.
DGCM does not guarantee non-deposit instruments, such as common shares, surplus shares, preferred shares, mutual funds and self-administered RRSPs that are not deposits (e.g. equity shares, mutual funds).