FSRA is actively reviewing all DICO regulatory direction, including but not limited to forms, guidelines and FAQs.Until FSRA issues new regulatory direction, all existing regulatory direction remains in force. |
The Deposit Insurance Corporation of Ontario (DICO) is an agency of the Province of Ontario. We work for depositors by providing deposit insurance to protect their eligible deposits in Ontario credit unions in the event a credit union is unable to repay its depositors. To date, DICO has ensured that every depositor who has placed their funds with an Ontario credit union has been protected from loss. See Statutory Objects
To protect depositors and contribute to the stability of the Ontario Credit Union/Caisse Populaire sector.
DICO will inspire confidence in the Ontario credit union sector by demonstrating leadership, excellence and best practices in solvency regulation and deposit insurance.
DICO fulfills its objects by:
In fulfilling its mandate, DICO strives to be transparent in its operations and achieve a fair and appropriate balance among the interests and perspectives of stakeholders. This ensures regulatory activities support the economic viability of the sector, while maintaining public confidence.
In fulfilling our mandate and pursuing our Vision and Mission we will live by the following values: