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.

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Regulatory Activities


To protect consumers and enhance public confidence in the credit union/caisse populaire sector, DICO takes appropriate regulatory action in situations where a credit union is in non-compliance with the Act and Regulations governing the sector. Consistent with DICO's commitment to transparency, fairness and responsiveness, details of all orders, administrative penalties levied, and other regulatory activities are available on DICO's website.

Summary of All Regulatory Activities *
Category
(hover over titles for descriptions)
2018/Total 2019/Q1 2019/Q2 2019/Total
Applications 7 1 0 1
Orders 4 0 0 0
Variations & Exemptions 0 0 0 0
Administrative Penalties0000
Total 11 1 0 1
* Includes instances where application is pending, not approved or was withdrawn


Orders Issued and Approvals Granted
Credit Union Name Type of Activity Effective Date
Alterna Savings and Credit Union Limited (P)
City Savings & Credit Union Limited (V)
Purchase of AssetsApril 30, 2019
Tandia Financial Credit Union LimitedEstablishment of a SubsidiaryDecember 10, 2018
Alterna Savings and Credit Union Limited (P)
Toronto Municipal Employees' Credit Union Limited (V)
Purchase of AssetsDecember 1, 2018
Caisse populaire Alliance Limitée (P)
L'Alliance des Caisses populaires de l'Ontario Limitée (V)
Purchase of AssetsOctober 31, 2018
Pace Savings & Credit Union Limited AdministrationSeptember 28, 2018
Meridian Credit Union Limited Establishment of two Subsidiaries August 1, 2018
FirstOntario Credit Union Limited Establishment of two Subsidiaries July 5, 2018
Windsor Family Credit Union Limited (P)
Utilities Employees' (Windsor) Credit Union Limited (V)
Purchase of AssetsJune 30, 2018
Ukrainian Credit Union Limited Establishment of a Subsidiary May 22, 2018
Creative Arts Savings & Credit Union Limited Supervision March 14, 2018
Luminus Financial Services & Credit Union Limited (P)
Victory Community Credit Union Limited (V)
Purchase of AssetsDecember 29, 2017
Pace Savings & Credit Union Limited (P)
London Fire Fighters' Credit Union Limited (V)
Purchase of AssetsNovember 30, 2017
Tandia Financial Credit Union Limited (P)
MemberOne Credit Union Limited (V)
Purchase of AssetsNovember 30, 2017
Pace Savings & Credit Union Limited (P)
Durham Educational Employees' Credit Union Limited (V)
Purchase of AssetsJune 30, 2017
Alterna Savings and Credit Union LimitedCapital VariationDecember 1, 2016
Alterna Savings and Credit Union Limited (P)
Nexus Community Credit Union Limited (V)
Purchase of AssetsDecember 1, 2016
Pace Savings & Credit Union Limited Establishment of a Subsidiary November 1, 2016
Pace Savings & Credit Union Limited (P)
All Trans Financial Services Credit Union Limited (V)
Purchase of AssetsOctober 31, 2016
Pace Savings & Credit Union Limited (P)
All Trans Financial Services Credit Union Limited (V)
Purchase of AssetsOctober 31, 2016
Comtech Fire Credit Union Limited (P)
Limestone Credit Union Ltd. (V)
Purchase of AssetsJuly 31, 2016
PenFinancial Credit Union Limited (P)
Dunnville and District Credit Union Limited (V)
Purchase of AssetsMay 31, 2016
Meridian Credit Union Limited Establishment of a Subsidiary April 30, 2016
Windsor Family Credit Union Limited Establishment of a Subsidiary March 9, 2016
Alterna Savings and Credit Union Limited (P)
Peterborough Community Credit Union Limited (V)
Purchase of AssetsMarch 1, 2016
(P) = Purchaser; (V) = Vendor