Our vision: a transformed economy that protects the earth and guarantees equity for all.
Vancity was founded in 1946 by fourteen motivated change-makers who felt underserved by traditional banks that wouldn’t lend East of Cambie. So they formed our credit union — a place where the people who bank here, also own the place.
As a financial co-operative, we exist for the sole benefit of our members and their communities and, as a result, we act in their best interest. This often means taking risks and breaking norms. Our founding members pushed the envelope of what was common practice among credit unions at the time.
And we don’t just mean philanthropy. For example, we develop products that make choosing a sustainable lifestyle easier. We break down barriers and change the status quo to allow change to happen in areas like affordable housing and financial inclusion.
And every year 30% of profits goes back to members and to initiatives that create long-term gains in things like climate change, reconciliation, and financial literacy. That’s our Shared Success profit sharing program — just one part of the multi-million dollar impact our members make together.
Set 5 climate commitments, including the commitment to achieve net-zero across all our mortgages and loans by 2040.
In response to the COVID pandemic, cut credit card interest rates to zero, deferred loan payments, offered 6-month interest-free loans to businesses, and waived Interac e-Transfer and ATM fees.
Vancity achieves carbon neutrality; a first for a North American-based financial institution.
Vancity offers Canada's first socially responsible mutual fund.
Vancity is the first financial institution to provide mortgages to women without a male co-signer.
Our Board of Directors is your voice at Vancity. Nine directors, elected by you, each serving a three-year term. They uphold our member’s values and sees that making a positive impact is woven through all of our products and services.
We’re your friendly neighbourhood credit union and more. To provide seamless financial services beyond the limits of a provincially regulated credit union, the Vancity Group includes a federally chartered bank, investment management, insurance, and a number of other subsidiaries.
