Differential Premium System Consultation

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BC Financial Services Authority (“BCFSA”) held a 30-day consultation from November 14 to December 14, 2022, on the proposed Credit Union Deposit Insurance Corporate of BC (“CUDIC”) Differential Premium System (“DPS”) ranges to be implemented for the 2023 premium assessment process. During this time, credit unions had the opportunity to review the proposed DPS ranges, participate in an information session, and provide written feedback.

The DPS consultation is now closed. BCFSA thanks everyone who provided feedback. This input has been used as appropriate to strengthen the DPS ranges, which will be used to determine premium assessment scores for credit unions.