Meridian Credit Union deposits are covered by FSRA (Financial Services Regulatory Authority). Eligible deposits in registered accounts have unlimited coverage, and deposits (not in registered accounts) are insured up to $250,000.
Provided that they are payable in Canada, motusbank deposits are eligible for deposit insurance from the CDIC, based on the maximum coverage limitation outlined in their brochure
Protecting Your Deposits (PDF, 116 KB)