||This article appears to be written like an advertisement. (November 2013)|
|Headquarters||Vancouver, British Columbia|
|Key people||Tamara Vrooman, President/CEO|
|Revenue||$423 million CAD (2012)|
|Net income||$57 million CAD (2012)|
|Total assets||$17.1 billion CAD (2012)|
Vancouver City Savings Credit Union, commonly referred to as Vancity, is a values-based financial co-operative serving the needs of its 492,101 member-owners and their communities through 57 branches in Metro Vancouver, the Fraser Valley, Victoria and Squamish. As Canada's largest community credit union, Vancity aims to use its $17.1 billion in assets to help improve the financial well-being of its members while at the same time helping to develop healthy, sustainable communities.
Vancity's values-based banking model is grounded in the local economy, and uses member’s deposits to lend and invest in local businesses and organizations that create a positive economic, social and environmental impact in the community.
The credit union’s primary lines of business include retail and business banking (deposit-taking and lending) and commercial mortgage lending. Through its wholly owned subsidiaries, Vancity’s lines of business also include foreign exchange services, life insurance services, Visa credit card services, real estate development and investment advisory services. Through Citizens Bank of Canada, Vancity also operates in Calgary, Toronto and Vancouver.
In November 2005, Vancity became the first Canadian financial institution to issue prepaid Visa cards, called "mytreat gift card".
In February 2009, Vancity became the first credit union in Canada to participate in the First Nations Market Housing Fund, a new and innovative initiative established to give First Nations members greater access to housing loans on reserve and on settlement lands where appropriate.
In May 2011, Vancity became the largest organization in Canada to become a Living Wage Employer. This means that all of its employees and the employees of its major service providers will earn the income needed to meet a family of four’s basic living needs.
Vancity is a member of Central 1 Credit Union and is registered with the Credit Union Deposit Insurance Corporation of BC.
In December of 2010, Vancity joined the Global Alliance for Banking on Values (GABV), an international and independent network of banks and banking cooperatives sharing the commitment to achieving triple bottom-line impact through responsible banking practices.