Deposit Insurance Corporation of Ontario

The role of the Deposit Insurance Corporation of Ontario (DICO) is to protect depositors of Ontario credit unions. Deposit insurance is part of a comprehensive protection program in all Ontario credit unions, which is backed by provincial legislation.

Deposits include:

• savings and chequing accounts;
• term deposits, including index-linked term deposits;
• guaranteed investment certificates (including registerd & non-registered funds);
• interest and dividends payable on deposits.

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.

For further details of deposit insurance coverage, please refer to www.dico.com or you can obtain a free booklet that explains the coverage in detail in branch.

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