DICO is an Ontario Provincial Agency established under the Credit unions and Caisses Popularies Act, 1994. DICO’s role is to protect depositors of Ontario credit unions and Caisses Populaires from loss of their deposits. The deposits of credit union members are automatically insured up to the $100,000.00 limit.

For more information on deposit insurance and for confirmation that deposits of Margosa Credit Union are insured by DICO, click here.

A credit union is a financial cooperative modelled on the principle of self help. It is owned and run by the people they serve – their "members". Ontario credit unions are incorporated under the Credit Union Caisses Populaires Act 1994 and are regulated by the Financial Services Commission of Ontario. There are more that 200 credit unions currently operating in Ontario with combined assets of more than $26 billion.

For more information on the credit unions operating in Ontario, click here.