In this section:
Differential Premiums
Ontario credit unions pay premiums to provide for deposit insurance coverage for their members.
To provide a financial incentive for credit unions to enhance their safety and soundness, DICO employs a risk-based Differential Premium System (DPS) which is designed to provide lower premiums to insured institutions which adopt a low risk profile. This system is based on five risk measures. (DPS Framework ↗)
Each year DICO reviews its assessment process and premium rates to ensure that the DPS is achieving its primary goal of encouraging lower risk behaviour.