A January merger between Spruce Savings Credit Union and Interior Savings which extended the roots of one of the city’s oldest credit unions is having an immediate effect on making Prince George a better place to live.
“We’re really excited about this $250,000 distribution for big ideas in our community,” said Prince George Community Foundation president/chair Catherine Pennington. “We do have a deadline coming up very soon in October, so we do need people to move on this.” “The Prince George Community Foundation was formed over 26 years ago through leaders in the community that could see the value of a philanthropic organization that could steward resources forever that can support community organizations,” said P.G. Community Foundation president Catherine Pennington.
For more than 70 years leading up this year’s merger, Spruce Credit Union served the Prince George community as a co-operative. Owned and operated by its members, credit unions offer an alternative to the major banks to provide loans, insurance and investment opportunities. They offer higher interest rates than commercial financial institutions.
Source: Healthcare Press (healthcarepress.net)
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