March 22 2006 Media Release

Vancouver, BC, March 22, 2006 — Vancity members have re-elected past chair Elain Duvall along with two newcomers, Doug Soo and Lisa Barrett, to fill three director vacancies in the recent Board of Director elections.

For Elain, this will mark her 10th year on the board, having served the last two as chair. As she noted in the election bulletin, “Great institutions don’t just happen! Vancity’s results can be attributed to a committed group of employees, a talented management team and effective oversight by a board of directors that has developed a vision of triple bottom line accountability.”

Doug Soo is a first-time board member, but a 30-year Vancity member. He is dean of Continuing Studies at Langara College where he leads a $9-million, self-funded enterprise that provides lifelong learning opportunities for some 20,000 B.C. residents annually. Prior to 1997, he was executive director of Britannia Community Services Centre.

For 16-year Vancity member Lisa Barrett, the second time is the charm, as this was her second bid for the Board. She has spent the last six years serving as mayor of Bowen Island Municipality and three years on the Board of Directors of the Greater Vancouver Regional District. She’s been a member of the Business Alliance for Local Living Economies for three years and a volunteer board member of the Vancity Community Foundation, the past two years as vice-chair.

In total, 10 candidates ran for three positions. Election results were:

“Voter participation was strong this year, and we are glad to see so many of our members taking advantage of this opportunity to have their say and choose the people they want to represent them and drive the direction of their credit union,” says Catherine McCreary, chair of the Election Committee for the Vancity Board of Directors.

Vancity is Canada’s largest credit union, with $11.8 billion in assets, more than 330,000 members, and 46 branches throughout Greater Vancouver, the Fraser Valley and Victoria. Vancity owns Citizens Bank of Canada, serving members across the country by telephone, ATM, and the Internet. Both Vancity and Citizens Bank are guided by a commitment to corporate social responsibility, and to improve the quality of life in the communities where we live and work.