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This provides deposit insurance for credit unions in much the same way as the FDIC provides insurance for banks. Look for the NCUA logo at your credit union's teller stations. The standard maximum limit is $250,000 per individual account holder, per federally insured credit union. (To check on whether your credit union accounts are fully covered, use NCUSIF's coverage estimator at http://webapps.ncua.gov/ins.)
YOUR MONEY IS ALWAYS PROTECTED. Your credit union deposits are insured by the Deposit Insurance Corporation of Ontario, so you can rest easy. Similar to the banks, all credit union deposits are covered up to a statutory limit of $100,000 per account. And registered deposits, such as RRSPs, have unlimited protection.rom day-to-day banking to mortgages, investments and more, your credit union has all your financial needs covered. Most credit unions in Ontario provide a full roster of financial products and services, plus the expert advice you need to make better choices with your money.