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

WorkSafe BC conducted 70 inspections in the Okanagan amid B.C.’s reopening plan

WorkSafe BC has conducted 100 inspections at restaurants across the province since May 19

EDITORIAL: Revisiting alcohol consumption

A proposal to allow alcohol consumption in some public spaces in Penticton deserves consideration

Chute Lake Lodge opens June 1, offering glamping, yurt, and ebike rentals

Escape into the wilderness and #lovelocalpenticton when Chute Lake Lodge reopens for the season

Okanagan Skaha School District to reopen playgrounds

Facilities will reopen to the public on June 1

Gas prices rising across the Okanagan, Shuswap

Prices at some gas stations in the Okanagan sit around 115 cents a litre

Only four new COVID-19 cases, 228 active across B.C.

Health officials watching as activities ramp up

Parts of the TCT through Princeton will open to motorized vehicles Monday

Parts of the KVR trail through Princeton will open for motorized vehicles… Continue reading

Feds looking at ways to reunite families amid COVID-19 border restrictions with U.S.

Some families with members of dual-citizenship have become separated due to the pandemic

Condition in kids with possible COVID-19 link being studied in Canada

This month, the U.S. Centers for Disease Control and Prevention issued an alert to doctors about MIS-C

North Okanagan farmers’ markets excited to welcome artisans back amid COVID-19

Provincial health officer announced non-food items to return to markets this weekend

‘I knew what he wanted’: Kootenay man spends hours in tree as black bear patrols below

Francis Levasseur is no stranger to the outdoors, but a recent run-in with a bear caused quite a scare

COVID cancelled their wedding plans, so they married on a BC mountaintop

Ceremony was live streamed to friends and family around the world

Mother duck and babies rescued from Highway 97 in Lake Country

The mother and nine ducklings were taken to Duck Lake

Chef brings farm-to-table approach to new Shuswap restaurant

Darren Bezanson opening Bistro 1460 at Hilltop Inn

Most Read