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BCU Financial Group Covid-19 – Updated June 30, 2020

30.06.20

June 30, 2020

The COVID-19 pandemic continues to rapidly evolve and impact us all. We are optimistic that, if we all do our part, we can help curtail the spread of this virus.

New Measures
In response to new regulations and recommendations advised by public health officials, BCU Financial Group is implementing new measures in our branches and offices, effective Tuesday, July 7, 2020.

At BCU Financial, our primary focus is the safety and well-being of our employees and our members, while continuing to provide the same personal service to our members.

Required Face Coverings or Masks
Our BCU Financial Branches will require all employees, members and visitors to wear face coverings or masks while on our premises and accessing services.

For members who do not have a mask or face covering, masks will be available at our BCU Branches for a small fee of $1.  All proceeds will go to BCU Foundation to help those most affected by COVID-19.

 

Social Distancing
Our branches are continuing to limit the amount of members inside each location at a time, based on their specific size and safety measures.  Each branch will have specific instructions posted at their locations.

We ask that all other members who need to come into the branch wait 2 metres apart in a line outside of our branch until they can enter safely.  This will allow our staff to disinfect the space before helping a new member.

#STAYHOME
In order to reduce community gathering at our branches and other office locations, we are continuing to encourage all our members to stay home and utilize BCULink Telephone, Internet & Mobile Banking services as much as possible.  Please contact your local branch in order to set up your BCU Link Banking Services if you have not already done so.  We are here to help you.


Exchange Network

In fact, we are rewarding our members for using their online services with a Summer Giveaway Contest!

bcu summer giveaway 2020

Reduced Hours
Although we are encouraging our members to #STAYHOME as much as possible, should you need to come in to see us in person, we continue to operate with reduced hours during this time.  Please check our website for updates.

Financial Hardship
For those members experiencing financial hardship as a result of the COVID-19 measures implemented or whose businesses have been curtailed as a result of these measures, BCU Financial is committed to work with you.  We will work with our members on an individual basis to find the best solution to assist them with their financial hardships.

As part of COVID-19 relief measures, the Government of Canada announced a new program to support Canadian business called the Canada Emergency Benefit Account (CEBA) in cooperation with Export Development Canada (EDC).  BCU Financial is now accepting applications for the Canada Emergency Business Account.  Members interested in this program should contact their local BCU Financial Branch and enquire about the CEBA. 

At BCU Financial, our approach is different from other major financial institutions.  We are a member community and our relationship with our members and our approach to finding solutions to your challenges are more personal.

Please call your local BCU Financial Branch to discuss your needs with us.

BCU Financial is always here to help you.

 

Government Resources
https://www.canada.ca/en/public-health/services/diseases/coronavirus-disease-covid-19.html

https://www.canada.ca/en/department-finance/economic-response-plan.html

https://www.ontario.ca/page/2019-novel-coronavirus

https://www.ontario.ca/page/learn-at-home


April 24, 2020

Canada Emergency Business Account (CEBA)
As part of COVID-19 relief measures, the Government of Canada announced a new program to support Canadian business called the Canada Emergency Benefit Account (CEBA) in cooperation with Export Development Canada (EDC).

CEBA will help eligible small businesses and not-for-profits have access to the capital they need by providing interest-free loans of up to $40,000 to help cover their operating costs during a period where their revenues have been temporarily reduced, due to the economic impacts of the COVID-19 virus. This access to capital will help small businesses and not-for-profits to continue providing services to their communities and keep their employees on payroll.

If the loan balance is repaid by the borrower on or before December 31, 2022, $10,000 of the $40,000 (or 25% of the value of the loan) will be forgiven.

Can I apply for the CEBA at BCU Financial?

BCU Financial is now accepting applications for the Canada Emergency Business Account.
Members interested in this program should contact their local BCU Financial Branch and enquire about the CEBA.
CEBA applications will be sent to the Government of Canada and EDC through our partners at Central 1.
Qualifying applications may take up to 5 business days to process once submitted by BCU Financial.

Who is eligible for the CEBA?
Canadian businesses in operation as of March 1, 2020 are eligible for CEBA with the following criteria:

Who does not qualify for the CEBA?
The following entities are not eligible for the CEBA:

What can the CEBA funds be used for?
The funds from this loan are only to be used by the Borrower to pay non-deferrable operating expenses of the Borrower including, but not limited to, payroll, rent, utilities, insurance, property taxes and regularly scheduled debt service.

The funds may not be used to fund any payments or expenses such as prepayment/refinancing of existing indebtedness, payments of dividends, distributions and increases in management compensation.

For more information on the Canada Emergency Benefit Account (CEBA), please click here https://ceba-cuec.ca/


March 26, 2020

Dear Members,
This is an unprecedented moment in time as the COVID-19 pandemic continues to rapidly evolve and impact us all. We are optimistic that, if we all do our part, we can help curtail the spread of this virus.   BCU Financial believes in facing challenges together so here is what we have implemented:

#STAYHOME
In order to reduce community gathering at our branches and other office locations, we are encouraging all our members to stay home and utilize BCULink Telephone, Internet & Mobile Banking services as much as possible.  Please contact your local branch in order to set up your BCU Link Banking Services if you have not already done so.  We are here to help you.

BCU Financial is part of THE EXCHANGE® Network which allows you to make deposits at the ATM of any participating financial institution. Whether you’re in another province or simply can’t make the trip to your local BCU Financial Branch, you can make deposits and access your accounts at over 3,600 full-service ATMs across Canada.

Reduced Hours
Although we are encouraging our members to #STAYHOME as much as possible, should you need to come in to see us in person, we are advising you of our reduced hours during this crisis and of some precautionary measures we are taking to ensure the health and safety of our staff and our members.

Click here to view all amended branch hours: www.bcufinancial.com/locations/

New Measures
BCU Financial Group is implementing new measures in in our branches and offices to encourage social distancing, as advised by public health officials, including the Ontario Ministry of Health.

Therefore, please note that our branches will limit the amount of members inside each location at a time, based on their specific size and safety measures.  Each branch will have specific instructions posted at their locations.

We ask that all other members who need to come into the branch wait 2 metres apart in a line outside of our branch until they can enter safely.  This will allow our staff to disinfect the space before helping a new member.

At BCU Financial, our primary focus is the safety and well-being of our employees and our members, while continuing to provide the same personal service to our members.

Financial Hardship
For those members experiencing financial hardship as a result of the COVID-19 measures implemented or whose businesses have been curtailed as a result of these measures, BCU Financial is committed to work with you.  We will work with our members on an individual basis to find the best solution to assist them with their financial hardships.

At BCU Financial, our approach is different from other major financial institutions.  We are a member community and our relationship with our members and our approach to finding solutions to your challenges are more personal.

Please call your local branch to discuss your needs with us.

BCU Financial has compiled a list of helpful links and resources to help support our BCU community during the COVID-19 outbreak.
Click here for BCU’s COVID-19 Helpful Links and Resources.

BCU Financial is always here to help you.


March 13, 2020

Dear BCU Financial Members,
BCU Financial is monitoring the COVID-19 (2019 Novel Coronavirus) developments closely.  We are implementing best practices according to the guidance which is being provided by health officials, including the Ontario Ministry of Health and the Public Health Agency of Canada.

While public health officials still deem the risk to individuals in Ontario as low, we are taking some extra precautionary measures to ensure the health and safety of our staff and our members, while protecting our critical business functions in order to continue providing service to our members.

The Ministry of Health continues to carefully monitor the COVID-19 situation and is committed to continuing to share the most recent information around COVID-19.   We encourage our members to follow trusted online sources such as the Ontario Ministry of Health webpage at http://www.health.gov.on.ca/en/.

At BCU Financial, our primary focus has been on the safety and well-being of our employees and our members.  You may have noticed that all BCU Financial branches have enacted enhanced cleaning and disinfecting of high-touch surfaces and have been provided with disinfectant supplies. You may also see our employees wearing gloves and continually wiping down work areas. This is simply a precautionary measure.

In order to reduce community gathering, all BCU Financial Branch locations will be temporarily operating with reduced staff and hours until further notice.

Please visit our website at www.bcufinancial.com/locations/ for the most recent hours and updated information.

We encourage all BCU Financial members to utilize BCULink Telephone, Internet & Mobile Banking services as much as possible.  Please contact your local branch in order to set up your BCU Link Banking Services if you have no already done so.  We are here to help you.

How to Prevent the Spread of Respiratory Viruses
The best way to prevent the spread of any respiratory viruses, including COVID-19 and other more common viruses, is to:

We will continue to monitor the developments across Ontario and will provide additional updates as needed.

If you have any questions or concerns please contact your local BCU Financial Branch and we will be happy to assist you.  Should you or your business encounter financial difficulties because of the various COVID-19 measures that have been implemented, please us to discuss what BCU can do to help you with your financial needs.

Sincerely,
Oksana Prociuk-Ciz
President and CEO, BCU Financial

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