The Financial Services Commission of Ontario regulates registration of credit unions and caisses populaires under the Credit Unions and Caisses Populaires Act, 1994
. Credit unions/Caisses Populaires are community based financial institutions and most offer a full range of services. All are owned and controlled by members who are also shareholders. Credit unions are regulated provincially and insured by a stabilization fund, deposit insurance or guarantee corporation.
See Enforcement Online
to view enforcement actions FSCO has taken in other regulated sectors: insurance, mortgage brokering and loan & trust corporations