DEPOSIT INSURANCE

Canada Deposit Insurance Corporation (CDIC)

Tru Cooperative Bank is a proud member of the Canada Deposit Insurance Corporation (CDIC). CDIC is a federal crown corporation established by the Government of Canada which provides deposit insurance coverage for its members. Coverage is free and automatic—members of Tru Cooperative Bank do not have to apply for it.

For more information about CDIC

Call 1-800-461-2342
Visit www.cdic.ca
Refer to the CDIC Protecting Your Deposits information
Refer to the Statement on Transitional Coverage

Trusts

Deposits held in trust

CDIC insures eligible deposits in Canadian and foreign currency held in trust for up to $100,000 (Canadian dollars) per beneficiary named in a trust provided requirements are met. Required information includes details about the deposit held in trust, information about the trustee(s), and information about each beneficiary including name, address and interest the deposit.

Trustee(s) are required to provide updated beneficiary information for their general trust accounts anytime a change occurs, or if applicable, a Professional Trustee can elect the account to be a Professional Trust Account (PTA) and provide a completed Professional Trustee Account Attestation by April 30th of each year to benefit from less onerous disclosure requirements. For more information on trustees and CDIC's requirements, please visit https://www.cdic.ca/financial-professionals/trustees/.

Forms

Please download, print and complete the appropriate form(s):

General Trust Attestation (PDF)
General Trust Addendum (additional beneficiaries) (PDF)
Professional Trust Attestation (PDF)

Mailing information

Completed forms can be dropped off at any of our branch locations or mailed to:

Tru Cooperative Bank
Member Fulfillment Centre
200-19933 88th Avenue
Langley, BC V2Y 4K5

If you have questions about how your deposits are held and the forms available on our website, please contact us at 1-888-597-1083.