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Vancity

Vancity
Company nameVancity
Company typeCredit union
IndustryFinancial services
Founded1946
HeadquartersVancouver, British Columbia
Key peopleTamara Vrooman, President/CEO
Revenue$424.014 million CAD (2010)
Net income$77.4 million CAD (2010)
Total assets$14.5 billion CAD (2010)
Employees2,397 (2010)

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Vancouver City Savings Credit Union, commonly referred to as Vancity, is a member-owned financial institution in Vancouver, British Columbia and the largest English-speaking credit union in Canada. Founded in 1946, and the second oldest Credit Union in British Columbia (the oldest being Greater Vancouver Community Credit Union), Vancity provides a variety of financial services including banking, borrowing, investments, and insurance. At the end of 2008, it had more than 407,000 members and $13.0 billions CAD in assets, employing over 2600 employees and operating 61 branches located across the Lower Mainland and Vancouver Island. On September 1, 2007, Tamara Vrooman, former Deputy Minister of Finance of British Columbia, took over as the credit union's Chief Executive Officer. The Chair of Board is Patrice Pratt.

For several years, Vancity has been named one of Canada's Top 100 Employers, as published in Maclean's magazine, one of two credit unions in Canada to receive this honour (the other being Assiniboine Credit Union). Also, Vancity is consistently ranked as one of BC's Top 50 Employers.

Vancity owns the Citizens Bank of Canada.


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