CDIC welcomes Duo Bank of Canada as a member

OTTAWA – August 6th, 2019 – The Canada Deposit Insurance Corporation (CDIC) welcomes Duo Bank of Canad a to its membership. Headquartered in Mississauga, Ontario, Duo Bank grew out of Walmart Canada Bank, which was founded in 2010.

Annual Public Meeting puts focus on CDIC’s audacious goal

TORONTO – May 15, 2019 – The Canada Deposit Insurance Corporation (CDIC) is taking steps to modernize its reimbursement program and systems in the event of a member institution failure with the ultimate goal of providing Canadians with access to their protected savings on the day the failure of a member institution is announced. CDIC President and CEO Peter Routledge, discussed this plan during a panel discussion at the corporation’s annual public meeting.

CDIC welcomes new member

OTTAWA  February 11th, 2019  The Canada Deposit Insurance Corporation (CDIC) welcomes Motus Bank to its membership. Headquartered in Ontario, Motus Bank is a wholly owned subsidiary of Meridian Credit Union.