Vancity
Vancouver City Savings Credit Union better known as
Vancity was established in the year 1946 and has its Head Quarters in Vancouver, British Columbia. Vancity has 59 branches all over Vancouver Island and Lower Mainland. It happens to be a member-owned banking institution in Vancouver, British Columbia and the only credit-union in Canada that speaks English.
Other than banking Vancity also provides services in the spheres of insurance, investments and loans. Vancity is a family of 2385 employees, more than 391,000 members and has an asset of CAD $ 14.1 billion. Patrice Pratt holds the Chair of the Board and Tamara Vrooman is the CEO.
The investment services of Vancity is carried out by Credential Financial Inc, which is a wealth management institution formed by the Credit Union of Canada. You are allowed to invest through Credential Asset Management and Credential Securities Management.
Vancity has the honored as Canada’s Top 100 Employers by Maclean’s Magazine. Vancity is the owner of Citizen’s Bank of Canada.
Vancity had a merger with Greater Victoria Savings Credit Union in February 2008, which led to an addition of $66 million to assets, four new branches and 5100 members.
Vancity launched its online community www.changeeverthing.ca in September, 2006.It mainly deals in the changing issues of Vancouver and Victoria and Lower Mainland. Vancity is the first financial institution in North America that has earned Carbon Neutrality, much ahead of time. Declaration was passed in April, 2008.
Vancity has earned membership of
Canadian Bankers Association (CBA) and CUDIC.
The institution has earned immense respect due to its services in terms of PC banking and telephone banking.
Vancity is leading the market in Canada, British Columbia for years and they take great privilege in improving the community structure.