Vision and business model

Vancity’s vision is to redefine wealth.

Our guiding principles are:

Co-operative principles and practices

Social justice and financial inclusion

Environmental sustainability

We have no shareholders other than our members, and we use the insights we receive from them to help us meet their needs.

Vancity is a financial co-operative that operates on the unceded territories of the Coast Salish and Kwakwaka’wakw people. We’re headquartered on the lands belonging to the Musqueam, Squamish and Tsleil-Waututh Nations in Vancouver, British Columbia (B.C.). We are a member-owned, community-based, full-service financial institution with 60 branches in Metro Vancouver, the Fraser Valley, Victoria, Squamish and Alert Bay.

Our primary lines of business include retail and business banking (deposit-taking and lending), commercial mortgage lending, and investment advice and services. Deposits are insured by the Credit Union Deposit Insurance Corporation (CUDIC) of British Columbia. Our active subsidiaries (listed on page 39) include Vancity Community Investment Bank.

The capitals we use

Financial

$28.2 billion in assets and assets under administration

Natural

60 branches, 3,984 tonnes CO2e

Social & relationship

543,621 members

Human & intellectual

2,675 employees

Vancity develops
innovative products and services and builds partnerships with communities to address our members’ needs

The value we create

We help members and communities thrive and prosper