Island Savings

Deposit Insurance

Whether you've got account deposits, term deposits, or foreign currency deposits, you'll be protected with 100% deposit guarantee through the Credit Union Deposit Insurance Corporation.

Manage Cash Flow

Use this handy financial projection & cash flow worksheet to organize your business finances.

Learn more

Overview

100% deposit insurance protection

As a division of First West Credit Union, Island Savings offers it's members unlimited deposit insurance through the Credit Union Deposit Insurance Corporation (“CUDIC”).

The protection applies to all money on deposit in personal and business accounts, including chequing and savings accounts, term deposits, GICs and foreign currency deposits. Accrued interest on deposits is also 100% guaranteed.

Best of all, deposit insurance applies automatically, so you don't need to apply for it.

For further information on CUDIC and deposit insurance, visit www.cudicbc.ca.

Ready to apply? Opening an account with us is simple!

Online

Contact us online to apply for a new business account—our approval process is quick and simple.

In Person

If you're more comfortable coming in to see us, we'd be happy to open a new business account for you or make changes to your existing account with us.

By Phone

If you’d like to call us, here is a complete list of our branch numbers.