Our values in action
As a values-based financial co-operative, Vancity is committed to transforming how banking is done so we can help our members and their local communities thrive financially, socially and environmentally.
We aren’t doing this alone. Our members are as much a part of this as we are. With members’ deposits, we can place the right tools in the hands of individuals and organizations working to make our world a better place.
The proof is in the impact
We return 30 per cent of our net income to members and communities. In 2019, we assisted 7,111 people with financial literacy, we provided $12 million in pre-development loans to create 1,538 new affordable rental housing units, and 27.6 per cent of our capital was specifically invested in building healthy communities.
Global Alliance for Banking on Values
We’re part of a global values-based banking movement backed by 54 financial institutions and 10 supporting partners operating in countries across Asia, Africa, Australia, South and North America and Europe. Collectively we serve close to 50 million customers through 60,000 co-workers.
Investing in communities
We multiply the power of members’ deposits by lending to and investing in local businesses, organizations and initiatives that create positive economic, social and environmental impact.
Financial literacy and basic banking
As part of our commitment to build our members’ wealth and well-being we’ve developed a number of financial education initiatives for individuals, businesses and organizations.
Ethical Principles
Ethical Principles guide our choice of business relationships and help us develop opportunities with organizations taking steps to improve their social, ethical, and environmental performance.
Living Wage
We are the largest private-sector organization in Canada to support the Living Wage—a higher standard that reflects the real cost of living in the Metro Vancouver area.
Socially Responsible Investing
More and more people want to build their personal wealth by investing in companies that seek to make a positive difference in the world. It is called Socially Responsible Investing and we offer it to members.
Values and commitments
Our Statement of Values and Commitments sets out our mission, purpose, values and six commitments that guide our approach to doing business.
