Island Savings

2015 Press Releases

Press Releases

Six little elves help Island Savings make a $1K toy donation to Santas Anonymous
December 11, 2015

Victoria, B.C.—They say it’s always better to give than to receive—and this idea rings particularly true when the gift is $1,000 worth of toys for Island children who may not otherwise have something waiting under the tree on Christmas Day.

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Data kidnapping a growing concern for Island businesses and residents
October 15, 2015

Victoria, B.C.—Online extortion schemes that hold computer data—holiday photos, school assignments, business records and everything in between—for ransom are becoming all too common in the homes and businesses of British Columbians on Vancouver Island and the Southern Gulf Islands.

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Island Savings employees to get out and about with new community initiative
October 6, 2015

Victoria, B.C.—More than 160 Island Savings employees are trading their suits and skirts for jeans and work boots the week of October 5-9 as they team up with local non-profit agencies on Vancouver Island and the Southern Gulf Islands during Island Savings’ inaugural Make a Difference Days.

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Island Savings seeks local charities needing financial boost
September 30, 2015

Victoria, B.C.—Island Savings, a division of First West Credit Union, is inviting charities on Vancouver Island and the Southern Gulf Islands to apply for funding from the newly established Island Savings Community Endowment, housed within the First West Foundation.

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Bankruptcy is a growing threat to an increasing number of Victoria seniors
September 2, 2015

Victoria, B.C.—New figures show a growing number of seniors are outliving their savings, carrying debt into retirement and facing the looming threat of bankruptcy during their golden years.

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Parents can begin lessons in money management with kids as young as three
September 1, 2015

Victoria, B.C.—With the return to classes, brown-bagged lunches and regular learning routines just around the corner, there’s no better time for Island parents to focus on their children’s financial know-how.

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New grant program is a win for Island families’ education savings plans
August 17, 2015

Victoria, B.C.—Household budgets are starting to feel the pinch from back-to-school shopping, no doubt making the provincial government’s new education savings program an even more welcome sign of relief for families across the Islands.

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Local financial expert urges prudence in wake of latest interest rate cut
July 17, 2015

Victoria, B.C.—Local financial experts are cautioning consumers on the Islands against excessive borrowing in the wake of the Bank of Canada’s key interest rate cut yesterday.

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In light of recent wildfires, Island Savings urges members to review home insurance coverage
July 16, 2015

Victoria, B.C.—Given the spike in Island wildfires over the past two weeks, Island Savings, a division of First West Credit Union, is reminding Islanders to spend some time this weekend reviewing their home insurance policies.

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Islanders poised to get a charge out of Island Savings
May 12, 2015

Victoria, B.C.—Electric vehicle owners on Salt Spring Island will soon be able to recharge while they do their banking, courtesy of Island Savings.

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Island Savings supports 10th annual Vital Signs® report
May 11, 2015

Victoria, B.C.—On May 11, the Victoria Foundation’s 2015 Vital Signs® survey opened for Greater Victoria residents to share their opinions on issues affecting life in the community. This year marks the 10th anniversary of the Vital Signs® report and Island Savings’ sixth year as the report’s signature sponsor.

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Island Savings heating up summer with Sunfest discount, chance to meet Keith Urban
April 30, 2015

Victoria, B.C.—Island Savings, a division of First West Credit Union, in partnership with Wide Glide Entertainment is offering discounted pricing on full-event passes to Sunfest and the chance to win a VIP package that includes the opportunity to meet country music superstar Keith Urban.

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Island Savings introduces fee-free banking just three months into merger
April 1, 2015

Victoria, B.C.—Getting a new chequing account ready for Islanders in just three months is no joke—and neither is a savings of up to $200 a year for Island families thanks to the best-in-class Simply Free Account™, available in the Island Savings region as of April 1.

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Retire two years earlier by investing your tax refund
March 11, 2015

Victoria, B.C.—It’s tax season and for the majority of Canadians that spells a refund. In 2014, Canada Revenue issued 16.5 million refunds, doling out more than $28 million in total with the average return being $1,697.

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Island Savings’ inaugural regional council has been appointed
February 5, 2015

Victoria, B.C.—With a mandate to deepen the financial institution’s vital role in Island communities, Island Savings’ inaugural regional council has just been appointed.

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Island Savings donates $10,000 to help Island children’s dreams come true
January 27, 2015

Victoria, B.C.—Island Savings employees surprised the Help Fill A Dream Foundation with a cheque for $10,000 on Monday to help fill the dreams of sick children on Vancouver Island over the coming year.

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Knowing how to evaluate debt is key to solid financial footing
January 26, 2015

Victoria, B.C.—Despite the unexpected lowering of the key lending rate by the Bank of Canada, financial forecasters are still warning Canadians about the risks of their rising debt levels.

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Canadians overlooking TFSA’s wealth-building potential
January 19, 2015

Victoria, B.C.—Many Canadians, particularly those in their “savings years” are missing out on an opportunity to build serious wealth with a Tax Free Savings Account (TFSA). According to a recent survey from Central 1 Credit Union, only five out of ten British Columbians hold a TFSA.

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New BCTESG can jumpstart college savings says Island Savings
January 12, 2015

Victoria, B.C.—Today’s announcement from the provincial government that confirms it will introduce the BC Training and Education Savings Grant this year is good news for Island families looking to start saving for their children’s post-secondary education.

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