Clearwater Interior Savings Credit Union. File photo

Interior Savings pledges $150,000 to help non-profits through pandemic

Support will be delivered through a number of measures, including a $100,000 Community Relief Fund

  • May. 10, 2020 2:30 p.m.

Submitted

Kelowna, BC – As the COVID-19 pandemic continues to create financial, social and emotional challenges in our communities, Interior Savings has stepped up its support for non-profits.

According to Kathy Conway, CEO of Interior Savings, many of the non-profits the Credit Union works with are now finding themselves called upon to fill an increased need for food and basic essentials, to spend more on sanitization supplies and personal protective equipment, as well as invest in new technology to serve their clients or to help their clients stay connected to support networks.

“Our local non-profits need our help,” said Conway. “At a time when requests for service are increasing, many are seeing donations decline while costs keep mounting.”

In response to this need, Interior Savings is pledging $150,000 to help non-profits adapt their operations to continue providing essential services. This support will be delivered through a number of measures, the most significant of which is a $100,000 Community Relief Fund.

From May 1 to May 30, non-profits can apply to the Credit Union’s Community Relief Fund for assistance with extraordinary expenses they are facing due to COVID-19. Grants will be in the range of $2,000 to $7,000.

At the same time, the Credit Union has introduced a new Community Impact Term Deposit as a way to top-up its relief fund. Members who invest in this one-year term will receive a two per cent return on their investment and Interior Savings will add a matching two per cent to its Community Relief Fund, up to another $50,000, for a potential total of $150,000.

“As a cooperative organization, we know that we can do even more when we work together,” said Conway. “With an attractive rate, our new term deposit will help our members financially while also allowing them to leverage their investment to assist with local relief efforts.”

The Credit Union has also pledged its support to a variety of other community relief efforts including programs lead by the United Way as well as a unique mentorship program that will help non-profits build leadership, financial and operational resiliency to adapt not only to today’s challenges, but also to a future that could look quite different.

Learn more about the Community Relief Fund and Community Impact Term Deposit at www.interiorsavings.com

Like us on Facebook and follow us on Twitter

Banking

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A second wave of COVID-19 is probable, if history tells us anything

B.C.’s top doctor says that what health officials have learned this round will guide response in future

Back in Time

Historical Perspective

RV habitation once again a discussion topic for TNRD

“I don’t imagine for a moment that we’ve heard the last of the RV issue”

Man brought up on three charges after holding tow truck driver at knifepoint in Lac la Hache

The suspect produced a knife and held the driver against his will for upwards of 45 minutes

LIVE: Procession to honour Snowbirds Capt. Jennifer Casey comes to Halifax

Snowbirds service member died in a crash in Kamloops one week ago

RCMP facing ‘systemic sustainability challenges’ due to provincial policing role

Provinces, territories and municipalities pay anywhere from 70 to 90 per cent of the cost of the RCMP’s services

One man dead after standoff with Chilliwack RCMP

The Independent Investigations Office of B.C. is investigating the RCMP’s role in the death

B.C. employers worry about safety, cash flow, second wave in COVID-19 restart

A survey found 75 per cent of businesses worry about attracting customers

Ex-BC Greens leader Andrew Weaver says province came close to early election

Disagreement centred on the LNG Canada project in northern B.C.

Canada’s NHL teams offer options to season-ticket holders

Canadian teams are offering refunds, but also are pushing a number of incentives to let them keep the money

B.C. premier says lessons to learn from past racism during response to pandemic

B.C. formally apologized in the legislature chamber in 2008 for its role in the Komagata Maru tragedy

Snowbirds to remain at Kamloops Airport indefinitely after fatal crash

small contingent of the Snowbirds team is staying in Kamloops, acting as stewards of the jets

Oak Bay man stumbles upon eagle hunting seal, grabs camera just in time

The eagle did ‘a perfect butterfly stroke to shore’ with its prey, photographer says

Most Read