Interior Savings downtown location in Kelowna B.C. (Contributed)

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

$100,000 of the donation will go towards a community relief fund

Interior Savings is stepping up to support organizations that support others during the unprecedented times of the COVID-19 pandemic.

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, according to Kathy Conway, CEO of Interior Savings. This includes spending more on sanitization supplies and personal protective equipment, and to 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.”

Due to this urgent 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.

READ MORE: Okanagan motorcyclists spread positivity, one retirement home at a time

For the duration of May, 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 2% return on their investment and Interior Savings will add a matching 2% 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.”

READ MORE: Okanagan-Shuswap gun club leaders react to Canadian government’s firearm ban

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


Daniel Taylor
Reporter, Kelowna Capital News
Email me at daniel.taylor@kelownacapnews.com
Follow me on Twitter

Coronavirus

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

Just Posted

GALLERY: Perfect day for replanting marigolds in Armstrong

Volunteers soak up sun as they replant city’s Marigold Mile Wednesday, May 27

Vernon player chooses Winnipeg as next soccer home

Tori Hauptman will play for the University of Winnipeg Wesmen in U-SPORTS’ Canada West conference

Over Zoom, Armstrong council seeks new meeting space

BRIEFS: Centennial Auditorium under consideration as council looks to resume open meetings

Fundraiser launched for Enderby drive-in

Vernon resident seeks to raise $20K to save Starlight Drive-In

Duck nests at Vernon drive-thru

Mother has hatched four ducklings just inches from the steady stream of vehicles

B.C. legislature coming back June 22 as COVID-19 emergency hits record

Pandemic restrictions now longer than 2017 wildfire emergency

100 miles in 24 hours: a B.C. man’s mission to support the less fortunate

Merrit’s Darius Sam felt a responsibility to help his community after encounter with a starving woman

Central Okanagan schools ready to welcome students back

Students are set to go back to school next Monday, June 1

Houseboat company partly owned by Shuswap MLA withdraws controversial ad

The ad welcomed houseboaters from other provinces, contradicting anti COVID-19 measures.

Squabble between campers in North Shuswap leads to bear spraying

An argument over late night partying escalated into a fight which led to one person being sprayed

B.C.’s essential grocery, hardware store employees should get pandemic pay: retail group

Only B.C.’s social, health and corrections workers are eligible for top-ups

COLUMN: Canada needs to remember rural communities as thoughts turn to pandemic recovery

Small towns often rely on tourism, which has been decimated by COVID-19

Edmonton, Vancouver and Toronto vying to be NHL hubs, but there’s a catch

The NHL unveiled a return-to-play plan that would feature 24 teams

B.C. sees 9 new COVID-19 cases, one death as officials watch for new cases amid Phase Two

Number of confirmed active cases is at 244, with 37 people in hospital

Most Read