Amalgamation – Two autonomous credit unions form, or merge, to continue as one organization.

Compliance Orders – Compliance orders are issued in cases where a credit union has not complied with standards of sound business practice.

Credit Union Deposit Guarantee Corporation Board – The composition of the board is stated in provincial legislation.

Credit Union Deposit Guarantee Corporation Fund – A fund maintained by the Corporation through the collection of assessments from credit unions and earnings on the investment of the fund; it is used to provide financial assistance to credit unions in extreme circumstances, in order to ensure complete deposit protection to credit union deposits.

External auditor – A member of a recognized accounting professional association, independent of the credit union, appointed by the credit union members for the purpose of providing a report on the financial statements to be presented to the credit union members.

Index-linked term deposits – Index linked term deposits let you earn a return based on the performance of the S&P/TSE 60 Index. It combines the appeal of an above-average rate of return from participation in the stock market with the safety of a guaranteed return of principal like a GIC, and it's RRSP eligible.

Liquidity – liquid funds available to honour the depositors’ requests to withdraw funds on deposit

Registered Plans – tax-deferred savings plans

Registrar of Credit Unions – the Registrar appointed by the Minister of the Saskatchewan government department responsible for the registration and regulation of credit unions

Retained earnings – consists of all undistributed income retained in the credit union

Standards of Sound Business Practice – Prudential requirements set by the Corporation to protect deposits and contribute to the sound and prudent operation of credit unions. Each Saskatchewan credit union is required to comply with all financial and business practice requirements. These standards focus on the credit union's responsibility to conduct business in a prudent manner.

Supervision – involves placing a credit union under the direct supervision of Deposit Guarantee Corporation. It allows the Corporation to take formal action necessary to correct performance problems in a credit union. The Corporation would only find this necessary should a credit union seriously breach the standards of sound business practice or in situations that potentially pose a risk to the guarantee fund.