How Are My Deposits Protected?

The Deposit Guarantee Corporation of Manitoba ensures that credit unions and caisses populaires operate under sound business practices and maintain quality assets, thereby minimizing the risk of loss. Legislation requires credit unions and caisses populaires to maintain minimum levels of capital and liquidity. The Deposit Guarantee Corporation of Manitoba maintains a fund to guarantee deposits. Credit unions and caisses populaires pay a quarterly assessment to maintain the fund at an acceptable level.

Role of the Deposit Guarantee Corporation of Manitoba:

• Provide a 100% guarantee of deposits held with Manitoba credit unions and caisses populaires.
• Ensure that credit unions and caisses populaires operate under sound business practices.
• Monitor credit union and caisse populaire performance and implement appropriate actions to reduce risk.
• Ensure compliance with The Credit Unions and Caisses Populaires Act.

Vision Statement

The Deposit Guarantee Corporation of Manitoba is respected as a proactive and effective regulator and deposit guarantor.

Mission

To protect Manitoba credit union and caisse populaire depositors by effectively fulfilling our legislated mandate.