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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.

  • Making the Kootenays an Even Better Place to Live, Work & Play (PDF - 315.96 KB)

    July 3, 2018 - The Kootenay Savings Community Foundation is excited to announce the distribution of $67,755 in new grants.  These most recent grants will help with constructing affordable housing units in Trail and Fruitvale, to expanding hiking and biking trails in Nakusp, to installing a new playground in Windermere, just to name a few!

  • 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.

  • 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.

  • 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.