Grantmaking Update
At the Interra Cares Foundation, we are committed to making a meaningful and lasting impact in the communities we serve. As part of that commitment, we are currently taking time to reassess and strengthen our grantmaking approach.
During this period, we have paused accepting and awarding grants and do not anticipate reopening our grant program until 2027.
We are grateful for the work of the many organizations that serve our communities and appreciate your understanding as we prepare for the next chapter of our philanthropic efforts.
Please visit us again in 2027 for updates and information about future funding opportunities.
Thank you for your dedication to serving others.
Sherry Early
Foundation Executive Director
Why Financial Wellbeing Matters
Financial wellbeing is more than meeting monthly expenses. It’s about having a sense of security, the ability to manage life’s financial ups and downs, and the confidence to plan for a brighter future. When financial wellbeing is prioritized, individuals can focus more on their families, their careers, and their personal growth – leading to healthier, happier communities.
Why Financial Inclusion Matters
- The Federal Deposit Insurance Corporation (FDIC) reports that nearly 40% of US households do not have $400 in combined checking and savings accounts1 to pay for an unexpected expenses.
- Share of financially vulnerable Americans has increased to pre-pandemic levels at 17%2, more than 43 million people. The wealth gap is widening.
- More than 2/3 (67%) of people in America are not financially healthy.2
- Some consumers are forced to rely on payday loans and other expensive alternative financial services for their lending needs.
- More payday lending outlets in the US than McDonalds’ franchises.3
- Meeting members where they are in their individual financial journey, with the right solutions, delivered in the way members want.
Key Facts
- The Interra Cares Foundation is sponsored entirely by Interra Credit Union.
- Interra Credit Union’s vision is to Do Well To Do Good™. This allows support and sustainability for members, employees and the community.
- The Foundation provides approximately $120,000 in grant awards each year.
- Every new Interra member contributes $5 to the Interra Cares Foundation, while the credit union contributes $1 per member annually.