Vancity is a values-based financial co-operative serving the needs of its more than 562,000 member-owners and their communities in the Coast Salish and Kwakwaka’wakw territories, with over 50 branches in Metro Vancouver, the Fraser Valley, Victoria, Squamish, and Alert Bay.
With $34.3 billion in assets plus assets under administration, Vancity remains Canada’s largest community credit union. Vancity uses its assets to enhance the financial well-being of its members while fostering healthy communities that are socially, economically, and environmentally sustainable.
The credit union shares 30% of its net profits with members and communities and has distributed over $440 million through its Shared Success program since 1994. Founded in 1946, Vancity has pioneered numerous firsts among Canadian financial institutions, including offering mortgages to women without a male co-signor and launching the first socially responsible mutual fund.
Vancity has earned international recognition for its values-based banking model and was the first Canadian financial institution invited to join the Global Alliance for Banking on Values. Other achievements include becoming North America’s first carbon-neutral financial institution, Canada’s largest private-sector living wage employer, and one of the first to introduce an alternative to predatory payday loans—the Vancity Fair & Fast Loan™