Getting their share
Sponsored Content - Mar 20, 2017 - Think Local

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Interior Savings members will be getting a nice surprise this weekend when the credit union gives $2 million in profits back to them.

On March 25, as part of the credit union’s Member Rewards Program, each member will see a percentage of the profits deposited into their members’ accounts.

Interior Savings’ CEO Kathy Conway said these kinds of profit sharing initiatives are part of what makes credit unions different from banks.

“Banks are motivated by share price and shareholder wealth, whereas a credit unions’ success are driven by the success of its members and the strength and vibrancy of the communities they serve,” she said. “Our members are our owners and our success is shared.”

This year Interior Savings is giving 22 per cent of it 2016 profits to its members, which amounts to $2 million in patronage rewards and dividends plus another $500,000 in bursaries that will be given out through its Million Dollar Bursary Program.  

Conway credits Interior Savings’ ongoing success to its members, “We are grateful to our members for putting their trust in us for their financial needs and for being part of a cooperative that is putting local money to work right here at home.”

Interior Savings is a member-owned, democratically-controlled credit union with 21 branches and 16 insurance offices spread across 14 communities in the interior of British Columbia.

Since 2002, Interior Savings has returned $56 million to members through its Member Rewards Program and invested another $8 million in support of community programs.

This article is written by or on behalf of the sponsoring client and does not necessarily reflect the views of Okanagan Edge.


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