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Covid-19 Updates

Your health and financial wellbeing is our top priority

 

  • Covid-19

We are here for you

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

Health and safety 

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.

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.

Supporting our Community

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.

Canada Emergency Business Account (CEBA)

Intake process of CEBA Application has ended on June 30, 2021

Updates: CEBA - Repayment Deadline Extension

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.

 
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We’re here to help

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

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)

 

Contact Khalsa Credit Union

 

Email Us

info@khalsacredit.com

We’ll reply within 2 hours during business hours, or the next business day after hours.

Book an Appointment

Request appointment time

We’ll reply within 2 hours during business hours, or the next business day after hours.

Visit a Branch 

Find a branch/ATM

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