Canalta Esterhazy and Canalta Moosomin re-open

I just heard from Esterhazy’s own Lyndsay Hamilton (now director of sales for the Canalta hotels chain), and this is what she said.

“Not sure if this is something you share, but we have reopened the Canalta Esterhazy and Canalta Moosomin location (amongst others) and we have really ramped up our cleaning standards. Our commitment to keeping our guests and team members safe is our top priority. Here is the link: http://info.canaltahotels.com/clean
No pressure, but wanted to pass along.”

 

How can I refuse a friend… So here you go Lyndsay… It’s shared.

North Valley Credit Union branch re-opening

This notice has just come in from NVCU…

 

I am pleased to advise that North Valley Credit Union will be re-opening its branch in Esterhazy on Monday June 1st, 2020. We are excited to welcome our members, customers and clients back into our building

As we have not been given the “all clear” insofar as COVID is concerned we will be continuing to take precautions for the safety of our staff members and the public. These safety precautions are:

  • Requiring that social distancing be maintained within the branch.
  • Ensuring that everyone entering the branch use hand sanitizer.
  • Requesting that you remove your gloves before entering the building
  • Limiting the number of people within the branch at any one time.

We will not be requiring anyone entering the branch to wear a facemask, however, if you feel more comfortable doing so you are welcome to wear one. 

We will not be screening  people for symptoms of the virus so you will be on the honour system to ensure that you are free from the virus when entering our building. 

When coming into our office you will see we have installed tempered glass at all the front office workstations and these will be a permanent fixture even after the threat of the virus has passed. Again, this is a safety precaution to protect everyone’s health to the best of our ability. 

If you have any questions you can reach us at:

306-745-6615 or toll free at 1-888-533-NVCU (6828)

​​​​​​​Roy Spence

​​​​​​​CEO & General Manager

 

CEBA (Canada Emergency Business Account) Program Loans

CEBA (Canada Emergency Business Account) Program Loans

North Valley Credit Union has begun processing and funding CEBA loans. Our lending personnel have reached out to all of our commercial accounts that we feel will qualify for a government CEBA loan. If we have not contacted your business and you feel you do qualify for a CEBA loan please feel free to contact our office. The criteria you must meet to qualify for a CEBA loan are:

  • You must have been a member or account holder at North Valley Credit Union before March 1st , 2020 and this account must have been your primary business account.
  • You must have paid out salaries to your employees of at least $ 20,000.00 and not more than $ 1,500,000.00, as confirmed in box 14 of your 2019 T4 summary.
  • You must have a CRA business registration number.
  • Your account must have been in good standing on March 1st, 2020.

CEBA loans are government subsidized and are in the amount of $ 40,000.00. They carry an interest rate of zero percent.  If you repay the loan in full before December 31st, 2022 you will be eligible to receive up to $ 10,000.00 in loan forgiveness. If you do not repay the loan by the end of 2022 then the loan will be extended at the full amount of $ 40,000.00 until December 31st, 2025 at the rate of 5.00% per annum.

If you have any questions regarding this program, please contact our lending department. You can reach us at:

 

306-745-6615 or toll free at 1-888-533-6828

NVCU DIRECTOR ELECTION RESULTS FOR 2020

Following the appropriate advertising North Valley Credit Union held its Nomination period between March 16th and 27th, 2020. The credit union did not receive any nomination papers for potential new directors during this time period. Accordingly, the incumbent directors whose terms had expired were elected by acclamation and will serve a three-year term.

The directors elected by acclamation are:

Laurie Appel
Mark Johnson
Blondena Merritt.

On behalf of the balance of the Board of Directors and the staff members, I would like to thank the above individuals for letting their names stand for election. We look forward to the positive contributions that they will make over the coming years.

Roy Spence
CEO & General Manager
North Valley Credit Union

North Valley Credit Union’s position on mortgage payment deferrals

Recently, we have received a number of inquiries as to how we are handling mortgage and loan payment deferrals for our members and customers. To restate our position, which has not changed since this economic disruption began, please note the following:

For those borrowing members and customers that have been directly or indirectly affected by COVID -19 we are pleased to review your situation to see how we can help. The assistance we offer will be provided on a case-by-case basis as not everyone will have been affected to the same extent.

If you have a CMHC mortgage with NVCU we are following the guidelines as set out by CMHC in terms of deferring your mortgage payments. If you have conventional mortgages or regular loans with NVCU we are using all of the tools available to us to get you through this difficult time. This includes skip-a-payment, payment deferrals via extensions, interest only payments and debt consolidations. As each situation will be somewhat different we are dealing with each file on a case-by-case basis. However, you need to know that we are going to do everything we can, within reason, to assist you to get through this situation until things return to normal.

It is important to note that the arrangements we make on your behalf do not involve debt forgiveness. You will still be required to pay the interest that accrues on your debts as well as the full principle outstanding at some point in time. As well, all regular fees, charges and penalties (if any) will apply. That is why it is important that if you are able to continue making the payments on your debts as agreed it is in your best interest to do so.

Finally, if you feel your current financial institution has not treated you fairly we are prepared to look at your situation to see if there is anything we can do to help. However, during this time of limited resources, our priority will be to assist our existing members and customers first.

You can reach us at —- 306-745-6615 or toll free at 1-866-533-6828

NORTH VALLEY CREDIT UNION THANKS YOU

North Valley Credit Union wishes to thank all its members, customers and clients for their co-operation is conducting their business through alternate delivery channels during the closure of our office due to COVID – 19.

We appreciate your commitment to keeping both you and our staff safe during this difficult time.

Our staff has done an excellent job of providing quality service under extra-ordinary circumstances and we are confident this will continue.

NVCU – NOTICE OF POSTPONEMENT OF ANNUAL MEETING

Please take notice that the Annual General Meeting of North Valley Credit Union that was previously scheduled for April 21st, 2020 has been cancelled and will be held at a later date. We will hold the meeting sometime before September 30th and will provide sufficient notice to our members prior to the chosen meeting date.

The reason for the cancellation is to adhere to provincial government requirements prohibiting the gathering of large groups of people due to COVID-19.

If you have any questions please feel free to call our office at 306-745-6615 or toll free at 1-888-533-6828. Thank You.

NVCU – ASSISTANCE FOR THOSE IN FINANCIAL DISTRESS

We all know that some people have suffered adverse financial effects because of the COVID-19 pandemic. Here at North Valley Credit Union we care for our members and customers and understand that this is a situation beyond anyone’s control. To assist you, we will:

If you have suffered financially as a direct result of the pandemic, for example, you have been laid off, you have been put on reduced hours or your employment has been terminated, we will work with you to see you through this temporary setback. We will be dealing with our members and customers on a case-by-case basis. This is necessary, as everyone’s personal situation will be different.

If you have a small business and you have been forced to close due to government mandates we will be pleased to review your file and work with you to arrive at a suitable solution until the pandemic passes.

It is important to keep in mind that if you have not been affected, in a negative financial way, it is expected that you continue to fulfil your loan obligations. This is better for you and for all of us.

Please be sure to contact the government to confirm if you qualify for the benefits that have been put in place to assist people during this period.

You can reach us at 306-745-6615 or toll free at 1-888-533-6828