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Aldergrove Credit Union
The Aldergrove Credit Union was a credit union in Aldergrove, British Columbia, Canada with approximately 20,000 members and assets around $807m CAD. In September 2020, Aldergrove Credit Union announced its intention of merging with G&F Financial Group. The merger was completed on August 1, 2021. History On October 28, 1940, an Otter District Credit Union came into being with the hope of fulfilling the financial needs of those living in the Otter community. A building was obtained on the corner of 40th Avenue and Otter Road, and the branch was soon opened for business. A system was worked out so that the office would be open one evening a month, as farmers were busy farming during the day.Muriel Cluett, "Otter District Credit Union," in The Place Between Vol. 2 ed. Aldergrove Heritage Society (Langley: Friesen Co., 2001) In February 1954, members of the Otter District Farmers' Institute (ODFI) applied to start a more stable and consistent Credit Union than was currently availa ...
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Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ...
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Golf Course
A golf course is the grounds on which the sport of golf is played. It consists of a series of holes, each consisting of a tee box, a fairway, the rough and other hazards, and a green with a cylindrical hole in the ground, known as a "cup". The cup holds a flagstick, known as a "pin". A standard round of golf consists of 18 holes, and as such most courses contain 18 distinct holes; however, there are many 9-hole courses and some that have holes with shared fairways or greens. There are also courses with a non-standard number of holes, such as 12 or 14. The vast majority of golf courses have holes of varying length and difficulties that are assigned a standard score, known as par, that a proficient player should be able to achieve; this is usually three, four or five strokes. Par-3 courses consist of holes all of which have a par of three. Short courses have gained in popularity; these consist of mostly par 3 holes, but often have some short par 4 holes. Many older courses ar ...
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Credit Union Deposit Insurance Corporation Of British Columbia
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from ...
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The Exchange Network
''The'' () is a grammatical article in English, denoting persons or things that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pron ...
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Matsqui
Matsqui is a former district municipality in British Columbia, Canada. It was incorporated in 1892 and merged with the district municipality of Abbotsford in 1995 to create the new City of Abbotsford. Matsqui used to be the western part of what is now Abbotsford. It had commercial growth in the Clearbrook area which then spilled over to Abbotsford. The name Matsqui can also be used to refer to a small historic village located on Matsqui Prairie, known as Matsqui Village, which was also formerly part of the District Municipality of Matsqui. It can be found to the immediate northwest of the present-day junction of Harris Road and British Columbia Highway 11 (just south of the Fraser River) in what is now the City of Abbotsford. A branch line of the Canadian Pacific Railway also runs from Mission, British Columbia, to the US border through the eastern boundary of the village. The Matsqui station of the Canadian National Railway The Canadian National Railway Company (french: Compa ...
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Murrayville, British Columbia
Murrayville is a small community in the Langley, British Columbia (district municipality), Township of Langley in the Lower Mainland region of British Columbia, Canada. History In 1870, Paul Murray settled in this location and together with his sons owned a quarter section of land on each of the four corners of Yale Road and what now is 216th Street. This area became known as "Murrays corner" after Alexander Murray, who drowned in the Fraser River in January 1884 while attempting in vain to save a friend. Originally Murray was buried at the Fort Langley Cemetery but when the Odd Fellows Cemetery opened his family exhumed his body and relocated it so that he would be closer to home. In 1925, the post office named it "Murrayville". The area between 216 street, 216a street, 48th ave and 48A avenue is one of the oldest subdivisions in Langley. Of the eight building lots in this subdivision there are still 6 heritage houses (built before 1930). Features Murrayville is the locat ...
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Insurance Company
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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Otter Co-op
The Otter Co-op is a consumers' cooperative in Aldergrove, British Columbia, Canada. It placed 37 by revenues on Canada's Top 50 Co-operatives in 2007.Top 50 Canadian Co-operatives (2007)
- Co-operatives Secretariat


Organization

Management is divided into seven different departments: *Administration *Petroleum *Animal Feed *Hardware & Family Fashions *Retail Food *Human Resources *Credit The General Manager who oversees all departments is hired permanently, not elected like the Board of Directors.


Membership & Patronage System

Anyone wishing to join the Otter Co-op must fill in an application and pay the $10 lifetime membership fee. Upon acceptance, members will be assigned a membership number as well as a membership card. Membership ...
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Orchard
An orchard is an intentional plantation of trees or shrubs that is maintained for food production. Orchards comprise fruit- or nut-producing trees which are generally grown for commercial production. Orchards are also sometimes a feature of large gardens, where they serve an aesthetic as well as a productive purpose. A fruit garden is generally synonymous with an orchard, although it is set on a smaller non-commercial scale and may emphasize berry shrubs in preference to fruit trees. Most temperate-zone orchards are laid out in a regular grid, with a grazed or mown grass or bare soil base that makes maintenance and fruit gathering easy. Most modern commercial orchards are planted for a single variety of fruit. While the importance of introducing biodiversity is recognized in forest plantations, it would seem to be beneficial to introduce some genetic diversity in orchard plantations as well by interspersing other trees through the orchard. Genetic diversity in an orchard would p ...
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G&F Financial Group
Gulf and Fraser Fishermen's Credit Union, operating as Gulf & Fraser, is a member-owned financial institution in Burnaby, British Columbia, Canada, and is the sixth largest credit union in British Columbia by asset size. With a history dating back to 1940, Gulf & Fraser provides banking and a variety of financial services including borrowing, investments and financial planning. It is insured by the Credit Union Deposit Insurance Corporation of British Columbia, a crown corporation A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governmen ... that insures the deposits of credit union members. History Gulf & Fraser's history extends back to 1940, when a group of BC fishermen incorporated the North Arm Fisherman's Credit Union. Since that time, the credit union has gone through over 30 merg ...
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Black Press
Black Press Group Ltd. is a Canadian publisher of prominent daily newspapers in Hawaii and Alaska and numerous non-daily newspapers in Alberta and British Columbia, Canada, and (via Sound Publishing) the U.S. state of Washington. Black Press Media is headquartered in Surrey, British Columbia, and has regional offices in Victoria, Williams Lake, and Kelowna. The company was founded and is majority owned by David Holmes Black, who has no relation to Canadian-born media mogul Conrad Black. The company is 20% owned by Torstar, publisher of the ''Toronto Star'', and David Black's former employer. History After working as a junior business analyst for the ''Toronto Star'', Black purchased the ''Williams Lake Tribune'' of Williams Lake, British Columbia, from his father, Alan, in 1975. He bought a family-run newspaper in nearby Ashcroft in 1979, and his holdings expanded "exponentially" in the ensuing years. Though Black Press has focused its acquisitions mainly on building a pr ...
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