HAMILTON, ON, July 31,
2024 /CNW/ - Saven Financial, a division of
FirstOntario Credit Union, offers its members market-leading
products and rates, while also being committed to investing a
portion of its profits to support community initiatives that
benefit Ontarians. Each year, Saven gives its members a voice
in where the money should go, based on where they think it will
help the most. In 2024, Saven will be distributing
$41,800 to
organizations in Ontario working
to address issues related to youth health and wellness, food
insecurity, housing, and homelessness.
"Saven Financial is committed to the success of our members and
communities," said Joanne Battaglia,
senior vice-president, Marketing, Communications and Community
Partnerships. "We know it takes a collective effort to address the
social issues impacting our communities. Giving our members a voice
in our annual decision-making process about financial donations and
community support is a core principle of our organization."
In March of each year, Saven members are asked for their input
through a survey, and this year's annual giving will be shared as
follows:
- $18,800 (45.0%) to Raising the
Roof (housing and homelessness)
- $12,000 (28.7%) to Feed
Ontario (fighting
hunger)
- $11,000 (26.3%) to Children's
Mental Health Ontario (youth health and wellness)
Since 2022, Saven has donated $66,000 to Raising the Roof, $32,000 to Feed Ontario and $24,000 to Children's Mental Health Ontario; a
total of $122,000. Saven will
continue to review the initiatives supported for maximum benefit in
all corners of Ontario and engage
members in the annual decision process.
About Saven Financial, a division of FirstOntario Credit
Union
Saven means saving. It's that simple. Everything we do is to
help people grow their savings for the future while building their
local communities, too. That's why our online platform is both easy
and convenient to use, and our members always benefit from our
competitive rates and have a voice in our support for community
causes. As a division of FirstOntario Credit Union, Saven Financial
is powered by the strength of one of the largest credit unions in
the province. By maximizing opportunities for returns and using
profits for a higher purpose, we take care of our members and local
communities. To learn more about Saven Financial, visit
SavenFinancial.ca and follow us on Facebook, X (formerly
Twitter), Instagram and LinkedIn.
SOURCE FirstOntario Credit Union