Canada Emergency Business Account (CEBA)
Loan Repayment & Forgiveness
The repayment deadline for eligible CEBA loan holders to qualify for partial loan forgiveness was January 18, 2024.
Beginning on January 19, 2024, outstanding balances will be charged an annual interest rate of 5% (payable monthly). Any remaining balance plus any outstanding accrued interest will be due and payable on December 31, 2026.
70-Day Refinancing Extension
Members who applied for a refinancing loan from WFCU prior to January 18, 2024 will receive a debt forgiveness extension to March 28, 2024.
For additional information, please visit the official CEBA program website, or contact our Member Contact Centre at 519-974-3100 or 1-866-500-WFCU (9328) for further details.