Press Releases
For the latest Kootenay Savings News Releases, please click on the links below. All media inquiries should be directed to the contact information found within each news release.
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Kootenay, Boundary and Columbia Valley Credit Unions Collaborate to Provide Financial Relief to Grand Forks and Surrounding Communities
May 28, 2018 - Seven credit unions from the Boundary, Kootenay, and Columbia Valley have collaborated in their efforts to provide financial relief for Grand Forks and its surrounding communities.
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Exploring Strength and Unity - The Seven Partner Credit Unions Outline Next Steps
April 10, 2018 – The seven credit unions exploring the combination of their operations to serve the needs of members and communities across the Kootenay, Columbia Valley and Boundary Regions of British Columbia have released an update on the next steps in their amalgamation
process.
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Building Healthy and Vibrant Communities
December 13, 2017 - At Kootenay Savings, we don't just like our region, we love it and are inspired by it. One of the many ways we help build vibrant, healthy communities is through the work of the Kootenay Savings Community Foundation. In its eighteen years of existence, the Foundation has invested nearly $4.4 million in local initiatives, including the recent announcement of $82,740 in new grants and donations.
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Exploring Strength and Unity - Cooperation among Cooperatives
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.
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Kootenay Savings Welcomes Decision to Restore Credit Union Tax Benefits
September 14, 2017 - Kootenay Savings is pleased with the decision made by the Government of BC to reinstate the credit union tax treatment, which was announced in the September 11, 2017 BC Budget update.
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Kootenay Savings Welcomes Federal Government Review of Common Banking Terminology
August 17, 2017 - Kootenay Savings is pleased with the recent decision by the federal government to review Bank Act restrictions around the use of the terms “bank, banker and banking” by credit unions.
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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”.
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$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!
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Kootenay Savings Community Foundation Helps Grant Christmas Wishes
December 22, 2016 - 'Tis the season of giving... and giving back, and the Kootenay Savings Community Foundation has the spirit! The Foundation recently helped grant wishes for fifteen diverse and dedicated community groups by awarding $37,700 in new grants, along with a donation of $30,000 to be shared between eight locally-operated community foundations. -
Kootenay Savings and United Steelworkers Ratify Agreement
November 25, 2016 - Kootenay Savings and United Steelworks Locals 9705 and 1-405 Ratify Agreement -
Tentative Agreement Reached Between Kootenay Savings and United Steelworkers
November 24, 2016 - Kootenay Savings and United Steelworkers Reach Tentative Agreement -
Kootenay Savings to Lock-Out Unionized Employees
October 26, 2016 - Kootenay Savings announced today its plan to lock-out employees at unionized branches and departments for one day on Friday October 25th. -
Steelworkers Reject Kootenay Savings' Final Offer
October 25, 2016 - Talks between Kootenay Savings and the United Steelworkers continued last week with the Union rejecting the company's final offer on Monday October 24. -
Kootenay Savings and USWA Talks Continue
October 21, 2016 - On Wednesday October 19, Kootenay Savings reached out to the Steelworkers Union representatives to ask if they were willing to return to negotiations in an attempt to resolve the parties' key issues.
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United Steelworkers Serve Kootenay Savings 72-Hour Strike Notice
October 18, 2016 - Kootenay Savings and the USW Locals 9705 and 1-405 have been in contract negotiations for almost 12 months. Last evening, the Union served 72-hour strike notice.
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Kootenay Savings Community Foundation Distributes $70,900 in New Grants
June 13, 2016 - The Kootenay Savings Community Foundation is pleased to announce the distribution of $70,900 in new grants, helping a total of twenty-four diverse and deserving community organizations in the Kootenay region.
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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.