2025
Annual Report.

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Rita Parikh

Message from the Chair.

“Created by and for members in 1946, Vancity was launched with the conviction that by pooling our resources, we can better support each other, our businesses, our communities, and our collective ambitions.”

Rita Parikh, Chair.
Vancity Board of Directors.

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Wellington Holbrook

Message from the CEO.

“For the first time in our history, Vancity’s total assets and assets under administration exceeded $41 billion.”1

Wellington Holbrook.
President and CEO.

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1 Reflects the December 1, 2025 merger with First Credit Union.
Annual
Report Download Climate
Update Download Accountability Statements Download Consolidated Financial Statements Download Sustainability Issuance Report Download

2025 highlights.

Centre the member.

We work to foster hope and optimism by addressing member needs, building stronger relationships, and ensuring inclusive, accessible banking services.

588,000+1
Members.
1 Reflects the December 1, 2025 merger with First Credit Union.
89%
Member loans funded by member deposits.

Make profit, innovate, and grow.

Embracing our dual emphasis on impact and profit, we exercise rigorous discipline to increase profit, optimize our existing business, and explore new opportunities to expand.

$70 million
Profit (net income attributable to members).
$21 million
Shared Success funds going back to members and community.

Inspire our employees to do their best work.

We make Vancity an inclusive place to work, a place where everyone belongs, feels motivated and supported, and is proud to show up each day.

81%
Employee engagement.
Living wage
Maintained Living Wage Employer certification.

Be experts in our business and deliver.

We continually develop and grow in our roles as part of high-performing teams, becoming ever-greater experts while also recruiting and retaining top talent, so that we have the ability to deliver excellent banking services.

81.8%
Member satisfaction.
11,000+
Climate conversations to share expertise with members about reducing GHG emissions.

Embed impact in everything we do.

We use all areas of our organization to drive systemic change across our four overlapping and interdependent impact areas: affordable housing, climate action, co-ops and local economies, and equity and Reconciliation.

3,915
Units of affordable housing constructed or renovated with financing from Vancity.
Bronze
Achieved Partnership Accreditation in Indigenous Relations certification.
Vision

A transformed economy that protects the earth and guarantees equity for all.

Mission

To be a democratic, ethical provider of financial services to our members. Through strong financial performance, we serve as a catalyst for the self-reliance and economic wellbeing of our membership and community.

Purpose

Working with members and communities to help them thrive and prosper.

Values
  • Integrity
  • Innovation
  • Responsibility
  • Reconciliation