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What Unclaimed Balances are held at the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC)?

April 26, 2017balances corporation Credit Union deposit held Insurance nova scotia unclaimed

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What Unclaimed Balances are held at the Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC)?

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Unclaimed Balances held at CUDIC are deposits transferred to CUDIC by Nova Scotia credit unions. Unclaimed Nova Scotia credit union balances are held at CUDIC, which acts as custodian on behalf of the owner, when there has been no owner activity in relation to the account for a period of seven (7) years and when the owner cannot be contacted by the credit union holding that asset.