Credit Unions

To provide protection against potential financial loss, the Credit Unions Act requires that each credit union maintain a level of equity in an amount not less than 5% of its total assets.

Caisses populaires

Risk Management Agency

Credit unions and caisses populaires have pooled resources to establish stabilization funds through their respective stabilization board. This level of protection is unique to these financial institutions. Each stabilization board must maintain a fund amounting to not less than 1.5% of the assets of its respective system.

A stabilization fund may be used to provide financial assistance to member credit unions to meet equity requirements or to provide further protection against financial losses.

Office de stabilisation des caisses populaires acadiennes

New Brunswick Credit Union Deposit
Insurance Corporation

NBCUDIC guarantees repayment up to $250,000 of eligible deposits held at a New Brunswick credit union, including accrued interest.