New Requirements to Identify Transaction Conductors

New regulations from FINTRAC, effective June 1, 2021, require us to capture Transaction Conductor information for cash deposits to an account for both Personal and Businesses.

Click on the .pdf document below to view the Regulations

ConductorsCashTransactionsFintracRegulations.pdf

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​Financial Services Regulatory Authority of Ontario

Financial Services Regulatory Authority of Ontario (FSRA) has increased the insurance coverage on all deposits from $100,000 per individual to $250,000 per individual.

**The limit on registered deposit remains in effect with it being unlimited coverage.

Please visit FSRA's website below for more details as to what is covered.

FSRA

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YCU branches are open and operating safely.

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​​WE ARE GOING TO BE CALLING YOU

Under federal regulations, financial institutions are required to periodically update member records.  We will only be asking you a few questions to confirm, or update, some basic information. We look forward to connecting with you in the near future.