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Are deposits in New Brunswick credit unions 100% guaranteed?

April 26, 2017credit deposits guaranteed new brunswick unions

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Are deposits in New Brunswick credit unions 100% guaranteed?

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As of October 31, 2008, the New Brunswick Credit Union Deposit Insurance Corporation guarantees the repayment of eligible deposits with New Brunswick credit unions, including accrued interest, up to $250,000. Repayment is not affected by a credit union changing its name, amalgamating, or entering into similar types of arrangements.