COVID-19: our response
May 01, 2020
A message from Ed Bergen, President + CEO
As we navigate the impacts of COVID-19, we recognize the challenges facing our members and our communities. I want to emphasize we are here for you during this difficult time and we will do whatever we can to support you while ensuring we protect the health and safety of our staff.
We are taking this threat to our health seriously and are doing all we can to minimize risk. We are committed to following the guidelines set out by Health Canada and will work to minimize social interaction, when and where possible.
Please read through the information below to learn more about resources available to you and what Sunova is doing to keep our staff and members safe at this time.
President + CEO
If you’re stopping by a branch, please follow the guidelines and travel restrictions outline by Manitoba Health. We are limiting the number of people in-branch right now and if we reach our limit, you will be asked to wait outside until we have space for you. Please be mindful of social distancing while waiting outside.
We can help with almost anything remotely; phone calls or emails are encouraged.
We can help you with almost anything online, by email, or over the phone. If you need assistance with a loan or mortgage please connect with one of our lenders. For all other services, please call your local branch or contact Help HQ.
ATMs and night depositories
ATMs and secure night depositories are available at all of our locations. For more information on night deposits or to sign up, please call your local branch.
Deferrals + extended amortization periods
We recognize that our members and communities are facing significant challenges with employment changes, daycare / school closures, and everything in between. We are here for you during this difficult time, and, to help where we can.
For those in need, Sunova is offering six-month payment deferrals on personal loans and mortgages.
We are also offering extended mortgage amortizations, up to 40 years. This extended amortization will lower your monthly payment and free up cash for other monthly expenses and purchases, or, alternatively, can free up funds to pay down higher-interest debt, such as credit card balances. The payment savings could also be used to begin or increase contributions to a savings or investment account for future purchases, retirement, or your emergency fund.
If you are a commercial and agricultural member, we are offering custom deferral plans. Please reach out to your account manager by phone or email at your convenience.
Canada Emergency Business Account
The Canada Emergency Business Account (CEBA) provides eligible small businesses and not-for-profit members with an interest-free loan of $40,000 to businesses that had payrolls last year between $20,000 and $1.5 million. This federal program is designed to help cover operating costs for organizations experiencing temporary revenue reductions as a result of COVID-19.
No minimum monthly principal payments are required until December 31, 2022, and $10,000 loan forgiveness is available provided the outstanding balance is fully paid on or before December 31, 2022.
Protecting our staff
As we navigate the effects of COVID-19, helping to protect the health and safety of our staff is our absolute top priority.
Cleaning + sanitation efforts
We have increased sanitation efforts during nightly cleanings and have encouraged our staff to wipe down their work stations throughout the day. If you absolutely need to visit a branch, we encourage all members to use the hand sanitizer provided during your visit.
Health + safety of staff
We are following all of the guidelines set out by Health Canada, and are encouraging our staff to do the same. Staff who are not feeling well or need to self-isolate have access to paid sick time, and all staff have been provided an additional two weeks of paid vacation time. While we hope this gesture will particularly benefit those in need of additional time off now, whether for child care or for much-needed self-care, we also hope this will benefit those who remain on the front lines and behind the scenes in the form of a much-needed break in the weeks or months to come.
Visits from Bill, our D.O.G, will also be postponed for the foreseeable future. Although we could always use a little more Bill in our lives, we know this is the best strategy to help fight and stop the spread of COVID-19.
Contact Help HQ
Monday – Friday – 8:00 am – 8:00 pm
Saturday – 9:00 am – 4:00 pm
Contact a lender
To help keep both our members and staff safe and healthy during this time and prevent the spread of COVID-19, please consider reaching out to your Sunova lender over the phone.
Check out Manitoba’s Credit Unions website for more information. They’ve put together a guide to the numerous programs and measures launched by the Government of Canada and the Province of Manitoba that are designed provide support to individuals and businesses facing financial challenges as a result of the COVID-19 pandemic.