About Municipal Finance Authority of British Columbia
Financial Services tailor-made for BC's Local Governments
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Victoria, British Columbia
- Founded
- 1970
- Company type
- Nonprofit
The mandate of the MFA is to provide financial solutions to BC’s local government organizations. Formed in 1970, the MFA united both the borrowing power and requirements of BC’s municipalities to provide a collective, long-term debt-issuance facility. All local governments in BC have opted in to the MFA system with the sole exception of the City of Vancouver, which nonetheless remains part of the Metro Vancouver joint and several borrowing guarantee.
The MFA now represents the collective long-term borrowing interests of BC’s regional districts, municipalities, regional hospital districts, water and sewer utilities, E-Comm (southwestern BC’s emergency services) and CREST (Capital Region Emergency Services Telecommunications).
The MFA is governed by 40 Members of the Authority, representing all regional districts and regional local governments in BC proportional to population. An elected Board of Trustees of 10 of these members oversees executive and administrative powers and duties.
Specialties
- Long-term Infrastructure Financing
- Equipment Financing
- Short-term Revenue Anticipation Loans
- Short-term Temporary Borrowing Loans
- Pooled Investment Funds
- and Pooled High Interest Savings Accounts
Company locations
3680 Uptown Blvd, Victoria, British Columbia V8Z, CA
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On LinkedIn
- Followers
- 1,248
- People linked to this company
- 21
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