GVC Credit Union was one of the first credit union study clubs organized in BC during the 1930's and was part of a program to help people find ways to combat the ravages of the economic depression that hit in 1929.
On June 5, 1940, GVC Credit Union received its charter and commenced operations. Today, we serve approximately 6900 members from 5 locations and have grown to over $150 million in assets.
As a financial cooperative, membership in the credit union means that you become a member-owner; not just a customer. It is this membership, and the many other member benefits, that make dealing with GVC Credit Union a unique financial experience.
We consider our members to be part of our family and strive to provide a unique brand of service built on mutual trust, confidentiality and financial stability.
At GVC Credit Union, you are not just a customer; you are a member-owner and a shareholder. And membership with a credit union means so much more!
Be Part of the Cooperative Movement
Belonging to GVC Credit Union, a financial cooperative, means that you will be part of the growing cooperative movement. Cooperatives are based on the assumption that there is strength in mutual self-help and that the cooperative has a collective responsibility for the well-being of its members. In addition, individual cooperatives strive to create a united cooperative movement, by working with other cooperatives, to improve the collective well-being.
Have Your Voice Heard
GVC Credit Union is owned by its' members. By exercising your right to vote for a democratically elected Board of Directors, you have a say in decisions affecting the overall direction of your credit union.
Care About Your Community
Through community donations and sponsorships, scholarships, youth sponsorships etc., you can be assured that GVC Credit Union is making every effort to strengthen the communities in which we serve. For more information on community involvement, please see our Community Involvement section.
Share in the Success
In 1997, GVC Credit Union introduced a new class of shares; Patronage Equity Shares. These shares were designed to enable the credit union to share it's earnings with our member-owners according to the amount of business done with the credit union; their "patronage". For example, you may have a month of chequing account service charges and a percentage of the interest that you paid on a personal consumer loan rebated to you in the form of Patronage Equity Shares. Whatever the formula, it's a win-win situation for you and your credit union!
As a credit union member, you receive depositor protection of up to $100,000 from the Credit Union Deposit Insurance Corporation of British Columbia.