Atlantic Central’s role is to provide liquidity management, payments processing and trade association services that support the credit unions of Atlantic Canada.
The New Brunswick Credit Union Deposit Insurance Corporation (NBCUDIC) is a Crown corporation governed by the provisions of the Credit Unions Act. Its mission under the Act is threefold. First, it protects people who have eligible deposits with a credit union in New Brunswick by providing deposit insurance against loss. NBCUDIC guarantees up to $250,000 repayment of all eligible deposits held at New Brunswick credit unions, including accrued interest. Second, it protects credit unions against financial losses and insolvency by establishing and maintaining a deposit protection fund. And finally, it provides financial assistance to credit unions for the purpose of stabilization.
The Council offers a wide variety of services to help facilitate the continued success, growth, and competitiveness of cooperatives and credit unions in New Brunswick.
(French only) The CDR-Acadie is a consortium of New Brunswick francophone cooperatives united to promote and support the entrepreneurial nature of a cooperative.