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Over 75 years of Local Money Doing Local Good

Sponsored Content provided by the Interior Savings & Credit Union Seventy-eight years ago, 20 community-minded entrepreneurial residents of the B.C. interior came together with a vision and deposits totalling $96.50. The year was 1939.
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Sponsored Content provided by the Interior Savings & Credit Union

Seventy-eight years ago, 20 community-minded entrepreneurial residents of the B.C. interior came together with a vision and deposits totalling $96.50.

The year was 1939. The western hemisphere was limping out of the Great Depression and bracing itself as World War II broke out in Europe. For most, it was a time of great uncertainty and despair. For the group of 20, it was time to welcome certainty and stability back into their lives.

Their vision was to establish a financial institution built on the cooperative principles of a credit union. Members would be owners, and profits would be shared among members and invested into building a more vibrant community and a stronger local economy. And so Interior Savings was born.

Fast forward nearly eight decades and Interior Savings comprises a network of 21 branches, two Commercial Service Centres exceeding $2.1 billion, employing over 500 people and serving 72,000 members from Clearwater to Osoyoos.

In 2016, the Credit Union introduced - Local Money for Local Good - as a declaration of pride in its founding principle to put profits to work for its members and their communities. A principle they continue to deliver on stronger than ever.

In the past 15 years, Interior Savings has shared over $50 million in profits with its members, invested over $8 million in support of community programs and services, and awarded over $1 million in bursaries to local students.

Another thing many people don't realize is that credit union members benefit from the shared strength and resources of credit unions across the country. Like, for instance, surcharge free transactions through the second largest ATM network in Canada.

The people at Interior Savings have a lot to be proud of. But one fact they take special pride in is this: Last year, Interior Savings made triple the community investment of the big banks. Food for thought the next time you are in the market for a new bank. Perhaps your best option isn't a bank at all, but rather the smart choice is a Credit Union that understands the local economy and our community best.