Credit Union Deposit Guarantee Corporation (Alberta)

The Credit Union Deposit Guarantee 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
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Keywords: financial services