
CUDIC 100% Deposit Protection
You've worked hard for your money. Dealing with EKC will help you protect it. B.C. Credit Union Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia. This is just one more reason to be a credit union member; you can sleep at night knowing your savings are 100% protected no matter what the economy is doing.
What is protected?
All money on deposit and money invested in non-equity shares with a BC credit union is 100% protected*. Personal and business accounts that are protected include:
- savings accounts
- chequing accounts
- joint accounts
- trust accounts
- term deposits — with no limit on the length of the term to maturity
- GICs that are in the form of money on deposit with a BC credit union
- foreign currency deposits
- accrued interest on deposits is also guaranteed
*B.C. Credit Union Deposits are 100% guaranteed by the Credit Union Deposit Insurance Corporation of British Columbia.