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

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

Just Posted

West Kelowna emergency crews rescue injured mountain biker

The woman fell from her bike on a Smith Creek trail

Hundreds of people gather at Black Lives Matter rally in Kelowna

Almost 600 people are rallying in Stuart Park, downtown Kelowna

Aberdeen Hall Preparatory School launches part-time on-campus learning

The school has taken appropriate precautions for a safe return for staff and students

Number of unemployed people tops 10,000 in Kelowna

Kelowna census metropolitan area lost roughly 1,300 jobs between April and May

Second video of Kelowna RCMP arrest shows Mountie punching suspect at least 10 times

The officer involved in the incident has been reassigned to administrative duties

Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park at large

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

Bear strolls into Okangan homeowner’s living room

Conservation officers are searching for the bear, which entered a home in the Foothills area

No charges to be laid against 22 northern B.C. pipeline protesters

Twenty-two people were arrested in February, but Crown has decided not to pursue charges

Youth advocacy group pulls out of Vernon Black Lives Matter protest

Earth Strike Vernon pulled its support after concerns raised about Kelowna, Vernon protests

‘I just felt I had to do something’: Vernon Black Lives Matter protest organizer

Young woman organizes peaceful protest to take place next week at Vernon courthouse

Woman injured as purse snatched downtown Vernon

Two young men were arrested following detailed statements from witnesses

First day back; attending elementary school amid COVID-19

“… Social connections are certainly important for kids,” said Penticton principal Dave Ritchie.

Okanagan’s Grand Chief Stewart Phillip appeals for living-donor kidney transplant

Okanagan Nation Alliance Grand Chief has chronic kidney disease

Most Read