SECURE, INSURED DEPOSITS

The Deposit Insurance Corporation of Ontario (DICO) is a provincial entity that provides deposit insurance protection on Canadian currency deposits for Members of Ontario Credit Unions and Caisses Populaires. Each depositor in the Credit Union is insured to a maximum of $100,000 for the combined principal, interest, and dividends relating to that Member's total deposits. Separate like protection is provided by DICO for deposits held in joint accounts and trust accounts.

Deposits held in registered savings plans are separately insured from the deposits held in other accounts. All deposits made to registered savings plans are fully insured with no limit on the maximum amount. Registered Savings Plans at the Credit Union include RRSP, LIRA, RRIF, and the TFSA (Tax Free Savings Account).

DICO does not insure the following:
· share capital, including membership shares
· deposit accounts not in Canadian currency
· Mutual Funds offered through Credential Asset Management Inc.
· any investment of a registered savings plan that are not deposits·

LIFE INSURANCE

All membership share and life insured savings accounts are life insured at no charge to the member.

For members up to 54 years of age, these accounts are 100% life insured up to $4,000. Deposits made by members 55-70 are insured in lesser proportions.

The beneficiaries are entitled to this insurance provided that the money remains on the account. Although the maximum life insured amount is $4,000, there is no limit on the amount that can be deposited.