What’s Covered / What’s Not

The Deposit Guarantee Corporation of Manitoba provides an unlimited guarantee of all deposits in a Manitoba credit union or caisse populaire including accrued interest to date of payout.

This guarantee covers all deposits including those in a foreign currency or with terms exceeding five years. The guarantee is not affected by a credit union or caisse populaire changing its name, amalgamating or entering into similar agreements.

The guarantee covers deposits only. These include chequing, savings, guaranteed investment certificates/term deposits (GICs), and Registered Plans.

The guarantee does not cover non-deposit instruments which would include members’ share capital (e.g. common, surplus, or preferred shares), mutual funds, and self-administered RRSPs that are not deposits (e.g. equity shares and mutual funds).