Credit Union Deposit Program (CUDP)
 
The Credit Union Deposit Program (CUDP) combines administration and trustee services enabling credit unions without an in-house data system to deliver a full range of registered products directly to their membership. Concentra retains legal liability for the operation of the program. All deposits are retained by the credit union.
 
The program includes specimen plan registration and amendment, complete legislative and support manuals, all data input forms and system entry, member reporting items (i.e. statements, tax slips, and receipts), regular system reports, assistance with legislative interpretation and problem resolution, liaison with regulators and designated representative training.
 
Eligible registered products include:
  • Credit Union Deposit Program, Registered Retirement Savings Plan (CUDP RRSP)
  • Credit Union Deposit Program, Registered Retirement Income Fund (CUDP RRIF)
  • Credit Union Deposit Program, Registered Education Savings Plan (CUDP RESP)