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The original purpose of ICBC was to provide universal and affordable compulsory public auto insurance in British Columbia by operating on a non-profit basis. [3] [4] However, in March 2010, Christy Clark's BC Liberal government announced that it would require ICBC to pay the province dividends totaling some $778 million over three years, thus signaling the end of ICBC's operation as a non ...
Concerned about the uncertain financial future following the Great Depression, when money was hard to come by, groups of individuals on B.C.'s Vancouver Island, neighbouring Gulf Islands, and the Greater Vancouver cities of Richmond and Surrey formed small financial co-ops focused on helping their neighbours and colleagues obtain the financial assistance they required to better their lives.
The Growing Island Families Together (GIFT) program provides leadership, sponsorship, financial, and in-kind support to community groups. [2] Each Island Savings branch accepts GIFT applications [ 3 ] from local groups and organizations with initiatives that help to improve families’ quality of life and build strong communities.
As of 2018, around half of all high-value cross-border payments worldwide used the Swift network, [3] and in 2015, Swift linked more than 11,000 financial institutions in over 200 countries and territories, who were exchanging an average of over 32 million messages per day (compared to an average of 2.4 million daily messages in 1995).
In 2015, Pacific Blue Cross was named the 15th Most Loved Brand in British Columbia by BC Business. [3] In 2016, Pacific Blue Cross was named one of BC's Top Employers. In 2017, Pacific Blue Cross and their unionized staff (under CUPE1816) could not reach a new collective bargaining agreement.
First West Credit Union (First West) is British Columbia's third largest credit union with nearly $18.6 billion in total assets and assets under administration and more than 253,000 members.
A bank clearing number or BC number is a number used for the identification of financial institutions in Switzerland and Liechtenstein. Bank clearing numbers are connected to the Swiss Interbank Clearing and the euroSIC system.
The Benefits Scheme is now closed to new contributions but continues to pay benefits when due. At 31 March 2014 there were 1,115,158 members for whom B&CE had recorded reckonable service. [ 5 ] Because of its unique structure, the Scheme is excluded [ 6 ] from surveys conducted by the Office for National Statistics .