Member News

What's new and coming up at Khalsa Credit Union



Supporting our business members through COVID-19


Canada Emergency Business Account (CEBA)

CEBA is a government-guaranteed loan of up to $40,000, interest-free until December 31, 2022, for qualifying businesses and non-profits that have been affected by COVID-19 to help them cover non-deferrable operating costs.

Eligibility

  • Must be an operating company (not a holding company) registered in Canada
  • Have an annual payroll between $20,000 and $1.5 million based on its 2019 T4SUM Summary of Remuneration Paid. Member can contact CRA to have them reissued to the business.
  • Have KCU as their primary bank with good standing existing borrower
  • Applicant must provide its business contact information, including an email address and phone number.
  • As of June 26, 2020, businesses eligible for CEBA now include:
    • Owner-operated small businesses that do not have a payroll;
    • Sole proprietors receiving business income directly;
    • Family-owned corporations remunerating in the form of dividends rather than payroll.

How to apply 

CEBA application under Expanded Eligibility Criteria is open for members through online banking.

In case you don’t have online banking access then we will accept in person request at our branches.

Else, please call in to your respective branch on more information in filing CEBA Loan Application.

Submit your CEBA Application securely in easy steps:

Step 1: Login into online banking from your desktop browser (and not through KCU mobile app)

Step 2 : Go to 'Account services --> Canada Emergency Business Account (CEBA)’

Step 3: Fill up the CEBA Application and submit

Step 4: Receive CEBA Application confirmation on browser screen as well in your registered mail id.


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May 15, 2020

Khalsa Credit Union Virtual AGM, Sunday, June 14, 2020

Considering public health concerns amid the COVID-19 pandemic, we are taking the precaution of holding the 2020 Annual General Meeting virtually via webcast on Sunday, June 14, at 1:00 PM. Please join us from the comfort of your home as we share our 2019 results with our members!Registration is now open, please visit www.khalsacreditunion.ca/agm



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March 15, 2020

COVID-19: The health and safety of our members and employees is always our top priority

We are committed to serving our members, keeping everyone safe, and continuing to be there for those that need help.


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March 23, 2020

Payment deferral

We understand and respect that these are uncertain times and we recognize the impact COVID-19 is having on our communities. As a member-centric financial institution, we are committed to working closely with every individual.


April 3, 2020

Supporting our community during COVID-19

Our members make it possible for us to give back to the community. So far, we’ve supported several local COVID-19 initiatives including:

  • A donation to the Vancouver Foundation, which provides immediate relief to front line service organizations
  • A donation of over 10,000 items of personal protective equipment (PPE) to local hospitals
  • A donation of 10,000 meals to Guru Nanak’s Free Kitchen to provide meals to international students

Past KCU News

Contact Khalsa Credit Union


Email Us

info@khalsacredit.com

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Extended hours at select branches to help you

Mon-Fri 10:00 AM- 8:00 PM   •  Saturday 10:00 AM- 5:00   •  Sunday 12:00 PM- 4:00 PM

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