Who DICO Works for

DICO's work is all done for the benefit of the depositors of credit unions in Ontario.

When we started in 1977, we only insured savings held in one name up to $20,000. Now we insure deposits up to $100,000 (unlimited for deposits in registered plans). See What's Covered, What's Not Covered.

Our relationship with DICO insured institutions

We monitor the safety and soundness of the Ontario's credit unions governed by the Credit Unions and Caisses Populaires Act 1994 .

We also set standards for sound business and financial practices  and intervene when necessary to reduce or manage excessive risk. In order to fulfill our mandate we also work closely with the Financial Services Commission of Ontario (FSCO)  and the Ontario Ministry of Finance . DICO's insured institutions pay annual deposit insurance premiums for the deposit insurance coverage.