Credit unions have a long history of resilience and supporting our Members and their goals. You can trust that your deposits with PenFinancial are insured for up to $250,000 under certain registrations, and for unlimited coverage on registered deposits. This is a credit union specific advantage maintained through FSRA with the goal of protecting Member investments with PenFinancial Credit Union.
The Financial Services Regulatory Authority of Ontario (FSRA) is an Ontario Provincial Agency that protects depositors of Ontario credit unions from loss of their deposits. Your deposits are automatically insured by FSRA, and there are no additional fees for this insurance.
FSRA does not cover the products listed below. For a comprehensive list, please visit https://www.fsrao.ca/
We believe the prosperity of our Members and our communities go hand in hand. Each year, we commit a portion of our profits to support truly local initiatives that help our communities thrive. So, when you bank and invest with PenFinancial, you are investing in a Niagara that thrives.