Covid-19 Updates
Your health and financial wellbeing is our top priority
Your health and financial wellbeing is our top priority
As the COVID-19 situation continues to evolve, we want you to know that our top priority is the health and safety of our employees, our members and our communities and we want to do everything we can to keep them safe. We are also committed to serve our members and be there for those that need help. During this time, you can expect the continued ability to bank with us through our branches, phone or through digital channels.Please find the latest information regarding branch hours and other measure we have taken in response to the evolving situation
The health and safety of our members and employees is always our top priorityWe are committed to serving our members, keeping everyone safe, and continuing to be there for those that need help.
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.
As a financial co-operative owned by our members, KCU is committed to providing products and services that meet members’ evolving needs and contribute to their long-term financial well-being. Giving back has always been a fundamental part of Khalsa Credit Unions philosophy as annually we strive to donate 10 % of our net earning. In times like these, it’s more important than ever to provide this support.
Intake process of CEBA Application has ended on June 30, 2021
Government extends loan forgiveness repayment deadline for the Canada Emergency Business Account
The Canada Emergency Business Account (CEBA) program has provided interest-free, partially forgivable loans to nearly 900,000 small businesses and not-for-profit organizations to help them navigate the pandemic and remain resilient. However, the Omicron variant has delayed the recovery for businesses in many parts of the country.
On January 12th 2022 Canadian government has announced that the repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended from December 31, 2022, to December 31, 2023, for all eligible borrowers in good standing.
This extension will support short-term economic recovery and offer greater repayment flexibility to small businesses and not-for-profit organizations, many of which are facing continued challenges due to the pandemic. Repayment on or before the new deadline of December 31, 2023, will result in loan forgiveness of up to a third of the value of the loans (meaning up to $20,000).
Outstanding loans would subsequently convert to two-year term loans with interest of 5 per cent per annum commencing on January 1, 2024, with the loans fully due by December 31, 2025.
The government is also announcing that the repayment deadline to qualify for partial forgiveness for CEBA-equivalent lending through the Regional Relief and Recovery Fund is extended to December 31, 2023.
Our members make it possible for us to give back to the community. So far, we’ve supported several local COVID-19 initiatives including:
Regular Branch Hours & Days - Effective Sep 07, 2021
Khalsa Credit Union is pleased to announce that we will be moving to the next stage of re-opening effective September 7th. As you aware COVID 19 has driven a lot of the business decisions over the last 18 months. So as we move forward to pre-covid business hours, the health and safety of our members and employees is of paramount importance. We would continue to follow all Covid precautions.
128 Street |
Monday to Tuesday (10 AM - 8 PM) Wednesday to Thursday (10 AM - 6 PM) Friday (10 AM - 8 PM) Saturday (10 AM - 5 PM) Sunday (12 PM - 4 PM) |
Newton |
Monday to Tuesday (10 AM - 6 PM) Wednesday to Friday (10 AM - 8 PM) Saturday (10 AM - 5 PM) |
Surrey |
Tuesday to Thursday (10 AM - 5 PM) Friday (10 AM - 6 PM) Saturday (10 AM - 5 PM) |
Abbotsford |
Monday to Thursday (10 AM - 5 PM) Friday (10 AM - 6 PM) Saturday (10 AM - 5 PM) |
Vancouver |
Monday to Thursday (10 AM - 5 PM) Friday (10 AM - 6 PM) Saturday (10 AM - 5 PM) |
Victoria |
Monday to Thursday (10 AM - 5 PM) Friday (10 AM - 6 PM) Saturday (10 AM - 5 PM) |
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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