Company Profile
Credit Union Deposit Guarantee Corporation
Company Overview
The Credit Union Deposit Guarantee Corporation (the Corporation) is a not-for-profit public agency of the Government of Alberta that guarantees deposits and provides risk-based regulatory oversight to enable a safe and sound credit union system in Alberta. Our primary roles include:
• Providing a 100% guarantee of deposits held with Alberta credit unions
• Regulating credit unions and enforcing the Credit Union Act
• Revising, advising and directing credit unions on sound business practices
• Monitoring credit union performance and implementing appropriate actions to improve performance and reduce risks
• Establishing individual credit union loan approval limits and providing an appropriate adjudication process for loans that exceed these limits