Interior Savings Credit Union has announced that they will be waiving processing fees for wire transfers that are intended to provide financial assistance to the Ukraine, along with its neighbouring countries, including Poland, Romania, Hungary, and Slovakia.
Interior Savings has also made a commitment of $5,000 to help support Ukrainian refugees. Interior Savings will work with local partners to determine the most beneficial way of distributing these funds.
“It is heartbreaking to see what is unfolding in Ukraine,” said Karen Hawes, acting President and CEO of Interior Savings.
“We know many of our members and communities have a connection to Ukraine and want to help. This is a small way we can show our support for those impacted by this humanitarian crisis.”
Interior Savings also encourages those that are able to show their support by giving to local organizations or major fundraising efforts, such as those by the Canadian Red Cross www.redcross.ca and the Canada Ukraine Foundation www.cufoundation.ca.
However, Paula Naka, Interior Savings Risk Manager, cautions people to be vigilant when choosing where to send your donations.
“As the war in Ukraine intensifies, so do the fraudulent and malicious emails exploiting the humanitarian crisis and charitable spirit of recipients across the globe,” said Naka.
“Scammers are impersonating the Ukrainian government and other international humanitarian agencies with pleas for financial assistance.”
Nana recommends that, rather than click a link or open an attachment in an email or text, that you go directly to the website of that organization and follow the appropriate steps there to make your donation.
For anyone transferring money to Ukraine and surrounding countries to support humanitarian efforts through Interior Savings, fees will be waived until June 30, 2022, at which time the program will be reviewed.