- has not had any transactions take place for seven (7) years; or
- has not had a statement of account requested or acknowledged by the depositor for 7 years.
The seven year period referred to in subsection (1) starts from
- in the case of a deposit made for a fixed period, the day on which the fixed period terminated; and
- in the case of any other deposit, the later of
- the date on which the last transaction took place, and
- the date on which a statement of account was last acknowledged by the depositor.
Unclaimed Nova Scotia credit union balances are held at CUDIC, which acts as custodian on behalf of the owner, when there has been no owner activity in relation to the account for a period of seven (7) years and when the owner cannot be contacted by the credit union holding that asset.
When the completed claim form is received by CUDIC, it will be reviewed and carefully compared with the information on file. You will be contacted if additional information is required. Once all required documentation has been received and the ownership established, CUDIC will pay the claim.
To help find the owners:
Semi-annually CUDIC publishes in a Provincial newspaper(s) a list of names of the Unclaimed Balances it has been notified about since the date of the previous publication.
CUDIC makes information available to the public without charge by the following:
- Internet at www.nscudic.org
- Mail: Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC), Unclaimed Balances Services Suite 212, 200 Waterfront Drive, Bedford, NS B4A 4J4
- Fax: 902.492.3695
A request for a search must include the full name of the individual, the addresses of his/her past residences, and the year of death if the individual is deceased.