New Brunswick Credit Union Deposit Insurance Corporation

Our mission is

• to provide deposit insurance against loss of part or all of deposits for the benefit of persons having such deposits with credit unions in New Brunswick;
  
• to provide assistance to the two stabilization boards in their role of providing financial assistance to credit unions for the purpose of stabilization; and
  
• to minimize the Corporation's exposure to loss.

The Corporation was established and obtains its mandate and authority under Part XIII of the Credit Unions Act (Chapter C-32.2) assented to December 11, 1992.

In 2008, the regulations under the Credit Unions Act were amended which determined the level of deposit insurance protection to members of New Brunswick credit unions and caisses populaires to $250,000.