The TTCUDIF is one of several interrelated “lines of defense” in a fairly complex system that is designed to provide limited guarantee of all members’ funds on deposits with credit unions who are members of the TTCUDIF. The first line of defense is the credit union itself.

      The two main reasons why credit unions, or other financial institutions, fail are due to a lack of liquidity and an inability to operate on a positive basis. In the first case, the credit union cannot meet its members’ demands for cash. In the second case, it does not have an adequate capital base (share equity plus retained earnings) to carry it through tough times when its financial margin is narrowed or to withstand significant loan or investment losses.


Share & Deposit Guarantee Program

Insurance on Shares & Deposits held by members (individuals who are members of Credit Unions) in the event of a failed Credit Union. This means that if, for any reason, a Credit Union should go into Liquidation, all members belonging to that credit union will receive protection of their unencumbered funds of up to $125,000 on Shares and $50,000 on Deposits.


Technical Assistance

Membership of the TTCUDIF allows Credit Union organizations the opportunity to draw on the extensive expertise of the Directors of the TTCUDIF and a huge network of finance-related experts approved by the TTCUDIF.  Guidance to member-organizations is available in the following areas:


Financial Management & Operations

Operations Management

Investment Management

Strategic Planning

Training & Education

Monitoring of Financial Operations

The Deposit Insurance Fund monitors the financial and operational performance of member Credit Unions, ensuring that they remain well-focused on their role and the need to meet approved prudential standards.

Liquidity Support

The Deposit Insurance Fund provides member Organizations with critical funding support in order to meet any shortfall in its liquidity requirements.

Supplies advice on a adverse range of instruments for investment;

Provides a source of credit for Credit Unions which may suffer from short term liquidit problems.


Education & Training

Provides Education and Training to Board of Directors, Credit Committee, Supervisory Committee and Staff.


Some of which include:

  • Credit Union Principles, Practice  & Values
  • Functions of the Committees




  • PEARLS Monitoring System
  • Governance Measures
  • Customer Service
  • Credit Union Management
  • Investment Management