History

The Deposit Guarantee Corporation of Manitoba commenced operations in 1965 as the Stabilization Fund of Manitoba guaranteeing deposits in credit unions and caisses populaires on a voluntary basis. In 1968, legislation was enacted which enabled caisses populaires to form their own stabilization fund and required both credit unions and caisses populaires to be covered by a ‘deposit guarantee corporation’. The Credit Union Stabilization Fund and le Fonds de sécurité were both formed. In 1994 the Credit Union Stabilization Fund was renamed and became the Credit Union Deposit Guarantee Corporation. Le Fonds de sécurité was later renamed to La Société d’assurance-dépôts des caisses populaires du Manitoba.

In 2011, the Credit Union Deposit Guarantee Corporation and La Société d’assurance-dépôts des caisses populaires du Manitoba were amalgamated and renamed the Deposit Guarantee Corporation of Manitoba, once again guaranteeing deposits in both credit unions and caisses populaires.