Vancouver City Savings Credit Union (Vancity)
Vancouver City Savings Credit Union, commonly known as Vancity, is a member-owned financial co-operative headquartered in Vancouver, British Columbia, Canada. Established in 1946, its core mission is to integrate social, environmental, and economic factors into all aspects of its business, aiming to improve members' financial well-being and build healthy, sustainable communities. Vancity operates on a values-based banking model, prioritizing people and community over profit.
Vancity offers a comprehensive suite of financial products and services, including retail and business banking, deposit-taking, lending, mortgage lending, financial planning, investments, and credit cards. Through its subsidiaries, it also provides foreign exchange, life insurance, real estate development, and investment advisory services. The credit union serves over 585,000 member-owners across Metro Vancouver, the Fraser Valley, Victoria, Squamish, and Alert Bay, within the traditional territories of the Coast Salish and Kwakwaka'wakw Peoples. It is particularly focused on market segments often underserved by traditional banks, such as women, entrepreneurs, Indigenous economic development, affordable housing, and climate solutions.
Wellington Holbrook assumed the role of President and CEO on January 15, 2024. Vancity reported strong financial performance in 2025, with a net income of $69.9 million and record assets plus assets under administration reaching $41 billion. As Canada's largest community credit union, Vancity is celebrating its 80th anniversary in 2026, marked by continued investment in technology and an expansion of in-person services. Notably, Vancity is recognized for its commitment to social responsibility, redirecting 30% of its annual net income back to its communities and members through initiatives supporting affordable housing, equity, reconciliation, and climate action. In 2026, Forbes recognized Vancity as one of the World's Best Banks.
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