Island Savings

Deposit Insurance

Whether you've got account deposits, term deposits, GICs or other foreign currency deposits, Island Savings provides a 100% guarantee on deposits through the Credit Union Deposit Insurance Corporation.



100% deposit insurance protection

As a division of First West Credit Union, Island Savings provides 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.

For further information on CUDIC and deposit insurance, visit

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


Complete our online contact form and we’ll take care of the rest.
It's that easy.

In Person

If you’d rather visit us in person, we’d be happy to open a new 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 phone numbers.