The role of the Deposit Insurance Corporation of Ontario (DICO) is to protect depositors of Ontario credit unions.

Every member of a credit union in Ontario is covered by deposit insurance. Deposits may be held in individual accounts, joint accounts, trust accounts, corporate accounts, partnership accounts, and registered savings plans.

Member deposits are insured to a maximum of $100,000 for the combined total of all deposits, plus, deposits in registered plans are insured to an unlimited amount.

DICO insures all deposits in Canadian currency payable in Canada. These deposits include:

• Savings and chequing accounts
• Term deposits including index-linked term deposits
• Guaranteed investment certificates
• Interest and dividends payable on deposits

DICO does not insure:

• Membership shares
• Investment or preferred shares issued by a credit union
• Foreign currency deposit accounts
• Mutual funds
• Contents of safety deposit boxes
• Securities held for safekeeping

For further information on how DICO protects members, please visit www.dico.com