March 23, 2020 - Minister Compton speaks with Credit Union Deposit Insurance Corporation

Deputy Premier and Minister of Finance Darlene Compton today spoke with Rob MacBain, CEO of Credit Union Deposit Insurance Corporation and the regulatory body for all Credit Unions within the province, to discuss the importance of continued banking services during the COVID-19 pandemic.

Minister Compton thanked the Credit Unions and their staff for what they do and continue to do for Islanders, and expressed her appreciation for their continued support and patience.

Mr. MacBain spoke of the Credit Union system and, while not a banking system in the traditional sense, its important integration in Island communities with multiple branches serving Islanders across the province.

He updated Minister Compton on their efforts to continue to provide service, in some cases adaptive service to Islanders.

Precautions are being taken at all locations as they follow the directions of the Chief Public Health Officer.

Minister Compton identified the importance of maintaining service delivery to Islanders, including seniors, to ensure they continue to have access to their funds. 

Both recognized the enhanced financial stress and hardship that reduction of hours or lay-offs have had on Islanders, and Mr. MacBain discussed options that the Credit Unions across the province will be taking to alleviate some of that financial stress for Islanders.

Mr. MacBain reiterated that the Credit Unions are doing well, have business continuity plans activated and that there is increased collaboration between branches to continue to serve Islanders. 

The health and safety of Islanders is the greatest priority. The Province of Prince Edward Island is working closely with local, provincial, territorial and federal partners to minimize its health, economic and social impacts in Prince Edward Island and across the country.  

Islanders with questions about COVID-19 should call PEI’s toll-free information line at 1-800-958-6400. The information line is taking messages 24-hours a day, 7 days a week and Islanders who leave messages will receive a call back within 24 hours from the Chief Public Health Office.

A self-assessment for Islanders to help determine whether they should be tested for COVID-19 can be accessed by visiting:

Islanders returning from domestic or international travel should immediately self-isolate for 14 days. Individuals experiencing symptoms (cough, fever, or shortness of breath) within 14 days of travel should call 8-1-1 to be screened and, if necessary, directed for testing.

Those requiring immediate medical attention should call 9-1-1. 

For more information about COVID-19, including resources, visit:
Published date: 
March 23, 2020
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