At a time of year when every penny counts, Island Savings Credit Union has a service to help make it easier to save.
Island Savings’ Woodgrove Centre branch unveiled a coin-counting machine that doesn’t require the tedious task of rolling coins.
Islanders simply put their saved coin into the machine, which quickly and accurately sorts and counts it.
A receipt is issued, which can be exchanged for cash via an ATM or at a teller in the branch. The funds can also be deposited into members’ accounts.
Island Savings is the first financial institution on the Island to offer this service. The service is free for members and for a small fee to non-member transactions.
“We are always thinking of new ways to make our members’ lives easier,” said Karen Colquhoun, senior manager, operations at Island Savings. “We have already begun using the coin drop with local non-profits as part of their holiday drives. This is a busy time of year for them, and they often have limited resources.”
Another machine is also available at Island Savings’ Duncan branch.