Your deposits are 100% guaranteed
As a member of Safeway Credit Union, your deposits – including interest earned – are 100% guaranteed by the Credit Union Deposit Guarantee Corporation.
The Credit Union Deposit Guarantee Corporation guarantees the repayment of all deposits with Alberta credit unions, including accrued interest. Additionally, the Credit Union Act provides that the Government of Alberta will ensure that this obligation of the Corporation is carried out.
This guarantee covers all deposits including foreign currency deposits and deposits with terms exceeding five years. It is not affected by a credit union changing its name, amalgamating, or entering into similar types of arrangements.
For more information, visit the Credit Union Deposit Guarantee Corporation’s website.