Press Releases

For the latest Kootenay Savings News Releases, please see below.  Please direct all inquiries regarding News Releases to 250-368-2686 or marketing@kscu.com, unless otherwise specified.

  • Exploring Strength and Unity - Cooperation among Cooperatives (PDF - 107.82 KB)

    September 21, 2017 - The seven credit unions that encompass the Kootenay, Boundary and Columbia Valley regions of BC are taking the opportunity ahead of this year’s Credit Union Day to share exciting news. The partner credit unions have embarked on a process to explore the benefits of creating a single credit union to serve the needs of members and communities across the three regions.
  • Kootenay Savings Supports BC Chamber Recommendations for Fair Taxation

    July 25, 2017 - Kootenay Savings supports consultation with the current BC Government to restore small business tax credit for credit unions.
  • Kootenay Savings Disappointed in OSFI Decision to Ban Use of Banking Terms

    July 18, 2017 - On Friday, June 30, the federal Office of the Superintendent of Financial Institutions (OSFI) issued an advisory that essentially banned credit unions from using the term “banking” to describe the services they offer Canadians. Their advisory takes a strict interpretation of the Bank Act, and based on this interpretation, the federal government could lay criminal charges against any credit union that uses the term “bank,” “banker,” or “banking”.
  • $45,075 In New Grants Announced!

    June 21, 2017 - At Kootenay Savings, we know we're only as strong as the members and communities we serve, which is why community involvement is at the heart of all we do.  If communities aren't developing, growing and thriving, then neither are we!  We are proud to announce that 17 local organizations are sharing $45,075!
  • Kootenay Savings Shares Profits for 23rd Consecutive Year

    January 29, 2016 - Based on 2015 financial results, Kootenay Savings Board of Directors has declared a 1.00% patronage and share dividend, which will see $479,425 in profit shares distributed through the credit union's Member Rewards Program.