Kindred Credit Union is launching a brand new GIC to expand its community impact for congregations and charities across Ontario. Known as the Community Inspiration GIC, this new product replaces the Church Builder GIC, which has raised more than $890,000 for Ontario churches and church-based charities since its inception in 1997.
The Community Inspiration GIC continues to offer members a competitive interest rate and in return, Kindred donates 0.25% bonus interest to the congregation or qualifying charity of their choice. Recipients of bonus interest must be a congregation or an Ontario-based charity, registered with the CRA, and with a focus on community food security, safe and affordable housing, or financial empowerment.
“We’re excited to expand the impact of our Community Inspiration GIC by extending the bonus interest opportunity to local charities addressing issues that align with Kindred’s Community Inspiration Framework,” notes Ian Thomas, Kindred’s Chief Executive Officer. “We are equally pleased that this new product also expands the investment options of investors by making the Community Inspiration GIC available for non-registered and registered GICs such as RRSPs, TFSAs and RRIFs.”
The Community Inspiration GIC will be available until June 30. Learn more about Community Inspiration GICs at kindredcu.com/CI-GIC.
Kindred Credit Union is a member-owned financial cooperative based in southwestern Ontario. Kindred’s values-centred approach is woven into everything we do and makes us the one-of-a-kind choice for those who want to connect their values and faith with their finances. Kindred offers a complete range of banking, borrowing, and investing products and services through eight branches and online. Members benefit from access to over 43,000 surcharge-free ATMs through THE EXCHANGE® Network in Canada and the Allpoint Network in the US. To learn more about Kindred, visit kindredcu.com.
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