Media Center

e-Transfer Update Memo

To our members: As part of Ladysmith & District Credit Union's commitment to provide support to all our members and local businesses, effective immediately all Interac e-Transfers can now be performed at no cost to you!

We appreciate all of our members co-operation in our attempt to minimize COVID-19’s affect on our small community.

Whether a member of LDCU or not, we value everyone!

COVID-19 Mask Requirement

During this COVID-19 crisis, and as part of a new series of measures announced by our provincial health officer, Ladysmith & District Credit Union, LCU Insurance, and LDCU Financial Management have implemented a policy to protect our members and our employees.

As part of this process, we now require all employees, members, and clients to wear a face mask or appropriate face covering when entering any of our branches or subsidiaries.

We appreciate your cooperation and thank you for your understanding. Please be safe!

Business Members can now sign up for CRA direct deposit information for the Canada Emergency Wage Subsidy (CEWS) through Ladysmith & District Credit Union!

The federal government has rolled out a new wage subsidy to support employers that are hardest hit by the pandemic, and protect the jobs Canadians depend on.

The subsidy covers 75 per cent of an employee’s wages – up to $847 per week - for employers of all sizes and across all sectors who have suffered a drop in gross revenues of at least 15 per cent in March, and 30 per cent in April and May. This program is in place for a 12-week period, from March 15 to June 6, 2020.

To ensure fast and secure payments, employers can now register business payroll accounts for direct deposit with the CRA through Ladysmith & District Credit Union online banking.

Please noteApplications for the CEWS benefit must be made directly through the CRA​. Once you are approved for the CEWS benefit, registering for the CRA direct deposit for businesses service helps ensure your CEWS payment from CRA is quickly and securely deposited into your business payroll account.

CRA Direct Deposit for Business Members FAQs

Canada Emergency Response Benefit (CERB)

Sign up for direct deposit now to ensure your benefit payments arrive sooner!

We can help you sign up for direct deposit or update your direct deposit information with the Canada Revenue Agency (CRA). We encourage you to use direct deposit to avoid any delays and receive your payments faster.

You can receive these CRA payments through direct deposit:

  • income tax refund
  • Canada child benefit
  • goods and services tax/harmonized sales tax (GST/HST) credit
  • Canada workers benefit
  • related provincial and territorial payments
  • the new Canada Emergency Response Benefit

Please note: If an individual has never filed a tax return with the CRA, they are not eligible to sign up for the CRA direct deposit service through their financial institution. To sign up for direct deposit or update your personal details, simply login to Online Banking and navigate to Account Services.

CRA Direct Deposit FAQs

LDCU 75th Anniversary Video

Ladysmith & District Credit Union 75th Anniversary from LDCU on Vimeo.

Love our Heritage account? Be ready to love it even more!

We have re-branded our 60+ account from Heritage Chequing to MORE than FREE Senior Chequing. What does this mean for Heritage members? A new account name and No Monthly Service Package Fees!

View Details

LDCU Commercials!

Looking to better your lifestyle? LDCU Offers MORE Than a Mortgage! For child education, retirement, or even home renovation! Great flexibility to help you realize your goals!

LDCU Mortgage Helper from LDCU on Vimeo.

Looking to better your lifestyle? Why rent when you can own!

Check out our very first commercial featuring our innovative new product, "MORE Than a Mortgage". Great flexibility to help you realize your goals!

LDCU "MORE Than a Mortgage" from LDCU on Vimeo.