FirstOntario Condominium Services
FirstOntario Credit Union provides custom fit financial solutions for condominium boards and property managers on both the investment and lending side of the balance sheet. Our program has been designed with more than 18 years of experience in helping the condo industry prosper. Here are some of the great services we offer:
Deposit Insurance now covers $250,000 (more than the banks!)
The Deposit Insurance Corporation of Ontario (DICO), the provincial government agency that insures credit unions, increased coverage on non-registered deposits to $250,000. This is a major step for condo boards that make several investments to spread risk coverage.
See below for more information.