Deposit Guarantee

Deposit Guarantee

When you make a deposit at Vanguard Credit Union you can rest easy knowing your deposit is guaranteed. The Deposit Guarantee Corporation of Manitoba guarantees all deposits at a Manitoba Credit Union without limit. That means every dollar you deposit receives 100% safety, 100% of the time.

How are my deposits protected?

The Deposit Guarantee Corporation of Manitoba ensures that credit unions and caisses populaires operate under sound business practices and maintain quality assets, thereby minimizing the risk of loss. Legislation requires credit unions and caisses populaires to maintain minimum levels of capital and liquidity. The Deposit Guarantee Corporation of Manitoba maintains a fund to guarantee deposits. Credit unions and caisses populaires pay a quarterly assessment to maintain the fund at an acceptable level.

Deposit amounts include:

  • Chequing and savings accounts
  • RRSP deposits
  • RRIF deposits
  • Foreign currency deposits and term deposits, including those with terms exceeding 5 years

(Exclusions are non-deposit instruments including common shares, surplus shares, preferred shares, mutual funds and self-administered RRSPs that are not deposits)

For more information about the Deposit Guarantee Corporation of Manitoba visit


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Vanguard Credit Union is a full-service financial institution with branches in Binscarth, Birtle, Brandon, Hamiota, Kenton, Miniota, Oak Lake, Oak River, Rossburn, Russell, and St. Lazare.

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