Canada Deposit Insurance Corporation Deposit Insurance Information By-law

8 (1) A federal credit union shall prepare a statement of transitional coverage that contains the following information which has been verified by the Corporation:

• (a) the purpose of the statement;

• (b) a description of the deposit insurance coverage provided by the Corporation that applies to the pre-existing deposits of the federal credit union during the transition period;

• (c) the day on which the deposit insurance coverage referred to in paragraph (b) expires; and

• (d) a description of the deposit insurance coverage provided by the Corporation that will apply to the deposits of the federal credit union after the transition period expires.

(2) A federal credit union shall, beginning on the day on which it becomes a member institution and ending on the day on which the transition period expires,

• (a) make the statement of transitional coverage available by way of a hyperlink on every page of its website that refers to deposit products; and

• (b) make a copy of the statement available to depositors at each of its places of business.

(3) A federal credit union shall, for a period of 180 days after the day on which it becomes a member institution, prominently display, at each of its places of business, a sign that refers depositors and all other persons to the statement of transitional coverage and indicates how they can obtain a copy of that statement.

(4) Subject to subsection (5), a federal credit union shall, not earlier than 12 weeks but not later than 4 weeks before the end of the transition period, provide to a depositor in respect of any pre-existing deposit that exceeds $100,000 and is to be repaid on a fixed day, a copy of the statement of transitional coverage or an indication of how they can obtain a copy of that statement.

(5) A federal credit union that has provided to a depositor a copy of the statement of transitional coverage in respect of a pre-existing deposit, or given to a depositor an indication of how that copy can be obtained, is not required to provide to the same depositor in respect of any other pre-existing deposit a copy of the statement or an indication of how the copy can be obtained.