When you save at a Credit Union, your savings are protected by the Credit Union Deposit Guarantee Corporation (CUDGC), whose primary objective is to preserve a 50-year record of provincial Credit Union stability. Since 1937, when Manitoba's first Credit Union opened, no member has ever lost any savings or deposits.

CUDGC is the deposit guarantor for Manitoba Credit Unions and is required by law to guarantee without limit, all the deposits you make with your Credit Union. CUDGC guarantees all money placed in a savings or deposit account, including any interest credited to those accounts. The Corporation does not guarantee or insure the equity of a Credit Union. Equity consists of shares issued by the Credit Union or other securities and surpluses of the Credit Union.

Further, CUDGC promotes adherence to sound and prudent standards of financial practice by all Manitoba Credit Unions. This is accomplished through the monitoring and inspection programs of the Corporation which also help to ensure that each Credit Union operates within the requirements of The Credit Unions and Caisses Populaires Act and its Regulations. In addition, an independent, annual audit confirms that each Credit Union's financial statement presents a true pictures of its operating results.