Vision and
business
model.

Capital We Use:

• Human & Intellectual: diverse and experienced workforce; innovative products/ services with impact
• Social: values-aligned business and relationships; policy advocacy with governments
• Natural & Manufactured: real estate; energy consumption
• Financial: assets under administration; financial capital from members

Our business activities and guiding principles:

Co-operative principles and practices; Social justice and financial inclusion; Environmental sustainability We are a member-owned, community-based, for-profit, full-service financial co-operative. Our primary lines of business include retail and business banking (deposit taking and lending), commercial mortgage lending, and investment advice and services. We use our business, assets, and community partnerships to address our members’ needs and achieve our vision. Our business is guided by our values of integrity, innovation, responsibility, and Reconciliation, and the triple bottom line of people, planet, and profit.

Outcomes:

• People: Better financial health and resilience for members and communities. More access to financial services and innovative sustainability solutions, especially for those who have historically faced barriers to full and equal economic participation.
• Planet: Our members are able to minimize their negative environmental impacts and maximize the positive ones.
• Profit: 30% of our profits go to members and communities. More Triple Bottom Line Assets: more of our profits come from activities that also create positive impact for people and planet.

Our Vision: A transformed economy that protects the earth and guarantees equity for all. Vancity is a financial co-operative that operates within the territories of the Coast Salish and Kwakwaka’wakw people. Our head office is on the territory of the Musqueam, Squamish and Tsleil-Waututh Nations in Vancouver, British Columbia. We are a member-­owned, community-based, full-service financial institution with over 562,000 members, $34.3 billion in assets and assets under administration, 2,738 employees, and over 50 branches in Metro Vancouver, the Fraser Valley, Victoria, Squamish, and Alert Bay. Our active subsidiaries (listed on page 35 of our report) include Vancity Investment Management Ltd. (VCIM) and Vancity Community Investment Bank™ (VCIB™), which operates primarily from Toronto, Ontario, territory of multiple Indigenous nations, including the Haudenosaunee and the treaty territory of the Mississaugas of the Credit.