Who is DICO?

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.


We will contribute to the soundness, stability and success of the Ontario Credit Union/Caisse Populaire sector by being an effective solvency regulator and deposit insurer.


In fulfilling our mandate and pursuing our Vision and Mission we will live by the following values:

Excellence and Professionalism

  • DICO will maintain a highly skilled and diverse workforce that promotes excellence and professionalism in how it conducts its affairs.

Respect and Fairness

  • Employees will treat everyone with mutual respect and fairness.
  • DICO will act and support employees in a fair and consistent manner.

Integrity and Trustworthiness

  • Employees will adhere to the highest ethical standards in performing their duties and responsibilities including maintaining the confidentiality of sensitive information.

Communications and Teamwork

  • Employees will maintain open communications and work cooperatively among themselves and with partners towards the achievement of DICOís mandate.

Financial Stewardship

  • DICO will act as a responsible agency that continuously strives to be efficient and effective for the benefit of all stakeholders and will manage its operations effectively and in a cost efficient manner.