What is Vancity?
Vancouver City Savings Credit Union, commonly referred to as Vancity, is a member-owned financial co-operative that serves the needs of its more than 530,000 member-owners and their communities. They are Canada’s largest community credit union and uses its assets to help improve the financial well-being of its members while at the same time helping to develop healthy communities.
Is Vancity safe?
Vancity is a values-based financial co-operative that was founded in 1946 that serves the needs of its more than 530,000 member-owners and their communities. With $25.6 billion in assets plus assets under administration. Vancity is Canada’s largest community credit union and is a member of the Global Alliance for Banking on Values.
What does Vancity offer?
Vancity offers personal and business banking solutions, such as savings accounts, credit cards, as well as investment, insurance and loan services.
How is Vancity different from a bank?
As a financial co-operative, Vancity exists for the sole benefit of their members and their communities. They offer excellent service, financial advice and competitive products and services to help member-owners build their wealth.
How does Vancity support its community?
Vancity uses their deposits to lend and invest in local businesses and organizations that create positive economic, social, and environmental impact in its community. This results in benefits like jobs created or supported, greenhouse gas emissions saved and increased homeownership.
Is Vancity only available in British Columbia?
Yes, Vancity is only available in British Columbia. They have member-owners in the Coast Salish and Kwakwaka'wakw territories, with 59 branches in Metro Vancouver, the Fraser Valley, Victoria, Squamish and Alert Bay.
What are some online banking benefits with Vancity?
Set yourself up to bank on your desktop, using your smartphone or another mobile device, and you can check your account balances, pay bills, deposit cheques remotely, and transfer money.
How is Vancity addressing housing affordability?
Last year, Vancity financed the development of 1,042 affordable housing units in B.C. They buy, develop or expand community-focused real estate, including affordable owned or rental housing and community workspaces to increase community access to housing.
Why do people bank with Vancity or become a member?
Vancity has multiple benefits. A few of them include profit sharing, member dividends, unlimited 100% guarantee on your deposits, access to over 4,000 ATMs, and the ability to bank online, anytime, anywhere.