Canadian Credit Union Association

Credit unions in Canada are either provincially or federally regulated. Regulators have oversight over individual credit unions, and credit unions are required to meet standards and work with public agencies to ensure they are among the country’s soundest financial institutions. 

All provinces have deposit insurance coverage that provides credit union members with deposit protection equal to or higher than that of the big banks.

See below for a breakdown of the regulators, deposit insurers and credit unions in each province. Please refer to the website of the applicable provincial deposit insurer for further details. 

August 2024