Mandate
To provide risk-based regulatory oversight and a deposit guarantee to enable a safe and sound credit union system in Alberta.

Primary Roles

• Provide a 100% guarantee of deposits held with Alberta credit unions
• Regulate credit unions and enforce the Credit Union Act
• Review, advise and direct credit unions on sound business practices
• Monitor credit union performance and implement appropriate actions to improve performance and reduce risks
• Establish individual credit union loan approval limits and provide an appropriate adjudication process for loans exceeding these limits

Corporate Values

• Integrity
  
• Respect
  
• Accountability
  

Core Operations

There are three interrelated core operations that contribute to fulfilling our mandate:


• guaranteeing deposits
  
• regulating credit unions, and
  
• managing our business
  

Unclaimed Balances

The Credit Union Deposit Guarantee Corporation (the Corporation) receives unclaimed balances from Alberta Credit Unions. The unclaimed balances are customer accounts transferred to the Corporation from credit unions after ten years of inactivity.

The Corporation published in Edmonton Journal and Calgary Herald the unclaimed balances received from credit unions. Unclaimed balances advertised in previous years are also held by the Corporation.


Edmonton Journal and Calgary Herald Ad January 2023


Edmonton Journal Ad January 2022

Edmonton Journal Ad January 2021

Edmonton Journal Ad January 2020

Edmonton Journal Ad January 2019

Calgary Herald Ad January 2022

Calgary Herald Ad January 2021

Calgary Herald Ad January 2020

Calgary Herald Ad January 2019

In accordance with the Credit Union Act, the Corporation holds the unclaimed balances for a further 20 years. If no valid claim has been made, the balance is transferred to the Government of Alberta’s General Revenue Fund. After that transfer, the person(s) can no longer make a claim. Below is the ad for unclaimed balances that the Corporation has held for 20 years which are planned to be transferred to the Government by December 31, 2023.

Edmonton Journal and Calgary Herald Ad September 2023


For the unclaimed balances that the Corporation has held for 20 years, claims must be submitted by December 15, 2023. If no claims are received, the balance will be transferred to the Government of Alberta’s General Revenue Fund.

To make a claim, you can download the application form below and send the completed form by MAIL: Attention: Colette Campbell, Suite 2000, 10104 - 103 Avenue NW Edmonton, AB T5J 0H8. You can also contact Colette Campbell, Accountant by EMAIL: ccampbell@cudgc.ab.ca; PHONE: 780 426 8667.

Application Form