Introducing the Crisis Care GIC
Kindred’s heart for mutual aid and walking with members through challenging times beats as strong as ever through the adversity of the COVID-19 pandemic. We’re connecting with personal and business members each day to provide solutions to each unique circumstance. We’re also reaching out on a regular basis to local organizations to understand their needs as they do all they can to support our communities.
In the midst of this crisis, we’ve been working to find new ways to support our members and community, and to find opportunities for them to help one another in this time of need. To connect us all in helping those who need us most right now, Kindred has launched the 1-year Crisis Care GIC.
The Crisis Care GIC is a win-win-win in a time when so many have lost so much. You earn an interest rate of 1.50% and Kindred allocates 0.25% to a pool of funds that we will donate to organizations serving the most vulnerable. Plus, your investment will allow us to extend financial support to more eligible Kindred members seeking financial assistance, such as reduced interest rates or deferred payments, when they experience financial hardship or distress as part of the current crisis.*
And since our communities need our help now, in anticipation of our members’ interest and support for this product, Kindred will make an initial donation of $15,000 to organizations from across our branch locations at the time the Crisis Care GIC launches.
The organizations selected to receive support from the Crisis Care GIC are working to increase access to basic needs for our neighbours. By operating at a grassroots level, they work to provide a foundation of support for community members through a rapidly changing and precarious time.
- Aylmer and surrounding area: Corner Cupboard Food Bank
- Kitchener, Waterloo, Cambridge and Guelph: Sanguen Health Centre
- Leamington and surrounding area: The Salvation Army Food Bank
- Listowel and surrounding area: It Takes A Village
- Mount Forest and surrounding area: Community Pantry
- Wilmot Township: Wilmot Family Resource Centre
- Woolwich Township: Woolwich Community Services
The Crisis Care GIC is RRSP and TFSA eligible.
For more information about the Crisis Care GIC, or to support your community through this investment, contact your local branch and speak with a member of our Investment team.
* While Kindred has extended temporary financial relief for members, including options for loan or mortgage payment deferrals, we anticipate increasing need for financial assistance when the crisis begins to subside and the temporary relief measures expire.