Being on a solid financial footing is the first step in maintaining a safe, secure place for member deposits and the ability to lend funds to individuals, small businesses and organizations. Me-Dian Credit Union maintains equity levels at between seven and nine per cent - well above the legislated level of 5%. This means the credit union is well positioned to withstand economic volatility.
Keeping equity levels on pace with asset growth in an environment of growth is a testament to the Me-Dian Credit Union's commitment to safety and security for members' deposits.
As a back-up (one which has NEVER been needed by any credit union in Manitoba since they started here in 1938), 100% of members' deposits are guaranteed by the Credit Union Deposit Guarantee Corporation of Manitoba.