Interior Savings Credit Union Makes Three-year Pledge to Break New Ground

Ottawa, June 13, 2018Interior Savings Credit Union has joined CDF Canada’s Breaking New Ground Campaign with a three-year pledge of $75,000.

“Our partnership with CDF Canada has given us a tremendous opportunity to leverage our co-operative values,” says Interior Savings Credit Union CEO Kathy Conway. “Not only are we helping communities across the world grow through the power of co-operation, but we too gain invaluable insights and perspectives that help guide the way we serve our own members.”

“We thank the members, directors and employees of Interior Savings Credit Union for this tremendous boost to our work helping people create prosperity through co-operatives,” says CDF Canada Board Chair Michele Aasgard.

Interior Savings has supported CDF Canada in many ways over the years. In fact, this week, the credit union is participating for the seventh year in a row in CDF Canada’s Women’s Mentorship Program. Mercy Tumukunde, from the Franciscan Investment Co-operative Society in Uganda, will be joining Interior Savings in Kelowna, BC from June 14 to 23rd to share her knowledge while also learning new ways to help make a positive and impactful difference in her co-operative.

Veteran credit union coach Heidi Miller (r) mentored credit union manager Jane Ndambiri from Kenya last year.

 

“Interior Savings also sent staff and volunteer coaches to Malawi and Ghana to help credit unions there bring financial services to more people, narrow the gender gap and foster lasting community resilience and growth,” says Aasgard.¬† “And they’ve given generously to our campaigns to help co-operators recover when disasters strike.”

Launched last year, the Breaking New Ground campaign is improving the social and economic well being of 500,000 women, men, children and their communities through co-operative development. As of today, more than $1.3 million has been generously pledged toward our goal of five million dollars over the next three years. This money is planting the seeds of a more prosperous life for 130,000 fellow co-operators around the world.

“This pledge from Interior Savings Credit Union enables families to seize life-changing opportunities that would otherwise be beyond their reach,” says Aasgard.

Konye Kosie planting soy at her farm near Chamba, Ghana.

 

A small loan was all it took for Konye Kosie (left) to stem her family’s hunger. She used the money to start farming soybean. “It was a turning point in my family,” says the mother of eight. “We had difficulty getting food to eat even once a day. I can now feed my family nutritious meals and I am able to buy fish and meat.” Konye has opened a small kiosk and is now saving to build a house.

In the past five years, nine small credit unions in Northern Ghana have helped farmers double their soybean production and sales, and enabled 25,000 women to increase their annual incomes tenfold. Children under five are enjoying much improved nutrition.

About CDF Canada

The Co-operative Development Foundation of Canada (CDF Canada) is an international development charity that has improved the lives of women, men, children and their communities through co-operatives for over 70 years. CDF Canada and its supporters have impacted the lives of millions of people in multiple countries across Africa, Asia and Latin America. Find out more about CDF Canada and the Breaking New Ground Campaign.

About Interior Savings Credit Union 

Interior Savings is a member-owned, democratically controlled credit union dedicated to creating local money while helping to build vibrant communities. Through its 21 branches, 16 insurance offices, Member Service Centre, and two Commercial Services Centres, the credit union offers personal and commercial banking and a full range of insurance and wealth management services to more than 70,000 members across 14 communities. Since 2002, Interior Savings has returned $53.8 million to members through its Member Rewards Program and invested nearly $8 million in support of community programs.

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