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Credit unions, like other financial institutions in Canada, are regulated. In Ontario, credit unions and caisses populaires are regulated by the Financial Services Regulatory Authority of Ontario. For an overview of the responsibilities, visit FSRA’s website.

Credit unions and caisses populaires must meet the requirements as set out in the Credit Unions and Caisses Populaires Act, 1994. FSRA is responsible for credit unions and caisses populaires registered under the Act. In addition, FSRA provides deposit insurance under the Deposit Insurance Reserve Fund (DIRF) to protect savings in Ontario credit unions.