Interior Savings

May 16, 2013 11:00 ET

Interior Savings Introduces Million Dollar Bursary Program

First program of its kind for the region

KELOWNA, BRITISH COLUMBIA--(Marketwired - May 16, 2013) - Interior Savings is pleased to announce the official launch of a ground-breaking, new bursary program that will help thousands of local high school students attend college or university.

The Million Dollar Bursary Program is a new component of the credit union's Member Rewards Program, and will provide up to 1,000 post-secondary bursaries, each valued at $1,000, to high school students graduating in the Interior Region of British Columbia. Interior Savings has made a commitment to providing this bursary for three years (2014, 2015, and 2016), representing a total funding pledge of up to $3 million.

Commenting on the announcement, Interior Savings President and CEO, Kathy Conway, said, "As a financial cooperative, the economic and social development of our communities is very important to us. The young people in our community will eventually become responsible for shaping that development. Our hope is that this new bursary program will help our young members to overcome some of the financial barriers that exist to achieving a post-secondary education, and allow them to focus on their studies and reaching their true potential."

"This is just another excellent example of how Interior Savings Credit Union supports youth in our community," said Sharon Peterson, CEO YMCA of Okanagan. "Through their continued help and partnership on many YMCA projects and programs geared towards youth development, we are fortunate to witness first hand their ongoing commitment to building our future leaders."

For more information about the Interior Savings Million Dollar Bursary Program, including directions on how to apply and eligibility criteria, visit www.GraduateWithAGrand.com.

About Interior Savings

Interior Savings is the largest credit union headquartered in the Interior of British Columbia, with total assets exceeding $2.0 billion. Through its 21 branches, 15 insurance offices, two Commercial Services Centres, and a Member Service Centre, Interior Savings offers personal and commercial banking and a full range of insurance and wealth management services to members in 14 communities.

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