100% Guarantee
As an Assiniboine member, all your deposits and interest are guaranteed without limit 100% by the Credit Union Deposit Guarantee Corporation (CUDGC). As established under The Credit Unions and Caisses Populaires Act, CUDGC is required by law to guarantee, without limit, all your deposits at a Manitoba credit union.
However, CUDGC 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.
CUDGC also protects your money by monitoring and inspecting the financial practise of all credit unions, and ensuring that each credit union operates within the requirements of The Credit Unions and Caisses Populaires Act and its regulations.
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