Support for People impacted by COVID-19

In Difficult Times - We Are Here To Help

Many workers are still facing financial hardship due to the impact of the COVID-19 pandemic. Even with some businesses slowly opening, this crisis is still affecting the working community.
Community Savings is in a strong position to help and we want to remind you of the many benefits that CSCU Members are entitled to during these challenging times.

During these unprecedented period, it’s important that we support all in our community.  That’s why we have developed special measures to support current and new members.  If you have been laid off or are facing reduced hours and pay due to the COVID-19 pandemic, then please call us today. We have created a special INTEREST FREE* Line of Credit Offer for people facing financial difficulty during this crisis.

The Line of Credit can be used to temporarily bridge the gap between money coming in and big monthly expenses like rent or mortgage payments going out. When benefit payments arrive - pay off the Line of Credit so the funds are available and accessible for the following month’s expenses.

Member Benefits that can provide immediate financial relief:

If you are unemployed due to the COVID-19 pandemic, we are flexible with application requirements regarding work history and current employment.

Postpone Loan Payments
– Postpone regular mortgage or loan payments or temporarily switch you to interest-only payments.*

Postpone Service Fees – Waive your month-end service fees associated with your Community Savings chequing account.*

Early Redemption – Option to redeem your Community Savings non-redeemable term deposits so that you can gain quick access to needed funds.*

Consolidation – Lower monthly payments, we can help you consolidate your debt into one low-interest loan. To receive the lowest rate possible, you can secure your consolidation loan with collateral of a vehicle, property, stocks, bonds or deposits in the credit union.*

Optimize Accounts – to ensure banking fees are kept to a minimum, we can do a free analysis of your chequing and savings accounts to help you find ways to save money.*

Amortization – if you are finding it difficult to meet your monthly loan payments, extending your loan’s amortization period can free up need funds – on a monthly basis.*

Blend and Extend – if you are currently in a fixed Community Savings mortgage and would like to take advantage of a lower interest rate, blending and extending your mortgage may be your best option.*
We will get through these tough times together and, at Community Savings, we are doing our bit to ensure we support all in our community!

Financial support is available to CSCU Members AND New Members!

Call us today to see how we can help:

Lower Mainland:  604-654-2000
Victoria: 250-385-8431
Toll Free: 1-888-963-2000

Not a Member? Click below to get started online.

* Interest free for 6 months. O.A.C, terms and conditions apply. The prime rate will apply after the 6 month period. CSCU will review the the Line of Credit offer in the context of the COVID-19 situation and may extend the interest free period if necessary. We're in this together - we're here for people not profits.

**Terms and conditions, restrictions, qualifications may apply. O.A.C.

*Legal words that we are required to print: This is a limited time offer and is subject to change. CSCU reserves the right to cancel this offer at any given time.
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