COVID-19

31-August-2020

To Our Valued Members,

After operating on an “Appointment Only” model since March 24th, please be advised, effective Wednesday, June 17th, Lake View Credit Union will provide in branch service daily.

As Covid-19 remains an ongoing concern, we strongly encourage members to conduct as much banking as possible through other channels, and to only come in branch if necessary. Other available channels include:

  • Making appointments beforehand to ensure prompt service
  • Online/Mobile Banking
  • ATM
  • Night Deposit

We will be maintaining all required procedures regarding social distancing and sanitation to ensure a safe environment for our members, staff and community.

Lake View Credit Union is grateful for the understanding of our members throughout these turbulent times. Despite this new way of doing things, it’s our goal to provide the great service you’ve come to expect. We will continue to adapt and update our business practices as necessary in order to provide the best member experience we’re able to in a manner that is safe for all.

From our Board Chair, John Kurjata:

We are currently living through unprecedented times as individuals and community members. A time where we all have to do our part to flatten the curve of Covid-19 outbreaks even though it may not have directly affected us yet.  We understand the importance of being available to our members for their banking needs and support.  We’re also very concerned for our team members and you, our valued members.  We need to keep healthy by working together and supporting social distancing while supplying the essential services that we provide.  To that end the Board of Directors have approved and support the plan our CEO, Lori Archibald and the whole team at Lake View Credit Union will be implementing.  Remember, we’re all in this together and it’s so vitally important we all do our part.”

Sincerely,

Lori Archibald, CEO

Lake View Credit Union

Useful resources

We encourage our members to stay informed about the facts surrounding COVID-19 and recommend the following links to qualified authorities:

LVCU Covid-19 Safety Plan

With BC’s Restart Plan, we will be seeing more businesses open gradually with enhanced protocols.

Keeping that in mind, it is more important than ever that Lake View Credit Union continues doing what we have been doing to not only keep our staff safe and healthy, but our members as well. We want to take the opportunity to thank our staff & members for making sure we are all doing our part to flatten the curve and assure you that we have and will always be here to serve your financial needs.

The LVCU Covid-19 Exposure Control Plan is intended as a safety plan under WorkSafe BC requirement to outline the steps and procedures we have put in place to mitigate the risk of exposure to Covid-19 at our workplace. This plan also provides the basis for the development of the LVCU Response to Suspected or Positive Covid-19 Case document. Both documents can be accessed at:

Canada Emergency Business Account (CEBA): Now Available

The Government of Canada recently launched the Canada Emergency Business Account for small to medium sized businesses.

Lake View Credit Union currently offering this program.

How do I apply for this program?

Applications for CEBA can be submitted through online banking. Once you’ve logged into the “Online Banking” site, click on “Account Services” and then Apply for the Canada Emergency Business Account

If you represent a business and need help applying for CEBA please contact us.

General Details

The account offers eligible business a $40,000 government guaranteed loan to help offset operating expenses, like payroll and other non-deferrable expenses, which are critical to sustain Canadian businesses.

The Canadian Emergency Business Account will be funded as a term loan for $40,000.

No interest applies until January 1, 2023. Commencing on January 1, 2023 interest will begin to accrue on the balance of the term loan at the rate of 5% per annum, payable monthly on the last day of each month.

If you pay 75% of the balance of the term loan (as at January 1st, 2021), on or before December 31, 2022, the remaining balance of your term loan will be forgiven. For example if the balance of your loan is $40,000 on January 1, 2021 and you repay $30,000 on or before December 31, 2022, the remaining 10,000 will be forgiven.

To qualify, organizations will need to demonstrate they paid in between $20,000 to $1.5 million in total payroll in 2019.

To see the latest information on CEBA, including information regarding eligibility and applications, click here.


© 2013 Lake View Credit Union