Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why are safety deposit box contents not covered?

April 26, 2017Box Contents Covered deposit safety

0

Posted

Why are safety deposit box contents not covered?

1 Answer

0

Posted

The safety deposit box is rented from a credit union to house one’s personal belongings. The contents of the box are not considered deposits made to the credit union and as a result no deposit protection exists through the New Brunswick Credit Union Deposit Insurance Corporation.