Interior Savings is stepping up for non-profit organizations during the COVID-19 pandemic.
The local credit union has pledged $150,000 to help non-profits adapt their operations to continue providing essential services. The money will come from a $100,000 Community Relief Fund as well as a term investment offered by the company.
“Our local non-profits need our help,” Interior Savings CEO Kathy Conway said in a press release. “At a time when requests for service are increasing, many are seeing donations decline while costs keep mounting.”
Non-profits can apply to get a piece of the pie between May 1 and May 30 through Interior’s Community Relief Fund. Grants will be in the range of $2,000 to $7,000.
Interior Savings has also introduced its Community Impact Term Deposit as a way to raise even more funds. Members who invest in the one-year term will receive a 2% return on their investment, and Interior will add a matching 2%, up to $50,000, to its Community Relief Fund.
“As a cooperative organization, we know that we can do even more when we work together,” Conway said. “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.”
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