2024
Annual Report.

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Rita Parikh

Message from the Chair.

Our values are, and will always be, Vancity’s great differentiator. That’s why our strategy will continue to advance Reconciliation, promote inclusion, strengthen equity and diversity, and fight the climate crisis.”

Rita Parikh, Chair, Vancity Board of Directors.

Wellington Holbrook

Message from the CEO.

We at Vancity have gaps to close and we know we need to serve you better, and we’re tackling these challenges head on. But at the end of the road, we will deliver you the best credit union in Canada.”

Wellington Holbrook, President and CEO.

2024 highlights.

Profit.

Growing our ability to better serve members and support communities

$12.1B
of our $36.0B in assets and assets under administration are focused on both generating a profit and creating positive impact.
$5.8M
net income attributable to members.
71%
local spending.

People.

Investing in the wellbeing and resilience of members, employees, and communities

570,587
members and 81.4% average member satisfaction.
1.6%
of employees identify as Indigenous.
1,924
units of affordable housing constructed or renovated with financing from Vancity.

Planet.

Working towards a climate transition that puts people at its centre and leaves no one behind

Net zero by 2040.
We are committed to achieving net zero across our lending portfolio by 2040.
850
climate advice conversations with members.
7,810 tonnes
of avoided emissions from financing clean energy projects.

Governance.

The Board of Directors is responsible for ensuring good governance at Vancity

6.5%
of members voted in Board elections.
67%
of Board Directors identify as women, transgender, and/or non-binary.
67%
of Board Directors identify as Indigenous, Black, person of colour, 2SLGBTQIA+, gender-diverse, and/or living with a disability.

Credit unions were born out of some of the most difficult times of our past, and in our roots exists an optimism that the path forward can be built on a foundation of our values, which includes strong communities.