Vancouver City Savings Credit Union

Infobox_Company
company_name = Vancity
company_
company_type = Credit Union
foundation =Vancouver, British Columbia, Canada , 1946
location = Vancouver, British Columbia
key_people = Tamara Vrooman - President & CEO
industry = Financial Institution
products = Financial services
revenue = profit 357.4 million CAD
operating income = loss 71.9 million CAD
net income = profit 45.3 million CAD
num_employees = 2,689 (Q1 2008)
homepage = http://www.vancity.com/

Vancouver City Savings Credit Union or Vancity is a member-owned financial institution in Vancouver, British Columbia and the largest english-speaking credit union in Canada. Founded in 1946, Vancity provides a variety of financial services including banking, borrowing, investments, and insurance. It currently has more than 391,000 members and CAD $14.1 billions in assets, employing over 2600 employees and operating 59 branches located across the Lower Mainland and Vancouver Island. [ [https://www.vancity.com/MyMoney/AboutUs/ Vancity - about us ] ] [https://www.vancity.com/MyMoney/AboutUs/] On September 1, 2007, Tamara Vrooman, former Deputy Minister of Finance of British Columbia, took over as the credit union's Chief Executive Officer. [ [http://www.newswire.ca/en/releases/archive/July2007/09/c4992.html CNW Group | VANCOUVER CITY SAVINGS CREDIT UNION | Vancity appoints Tamara Vrooman as new 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, the only credit union group in Canada to receive this honour. [cite web|url=http://www.eluta.ca/einfo?en=Vancouver+City+Savings+Credit+Union+%2f+VanCity&ri=296f7827230da771734bfcc6cb8f2a88&rk=236709d75ae85ef423a77a164ea45911|title=Reasons for Selection, 2007 Canada's Top 100 Employers]

Vancity owns the Citizens Bank of Canada.

Recent Developments

In November 2005, Vancity became the first Canadian financial institution to issue prepaid Visa cards, called mytreat gift card. [ [https://www.vancity.com/MyMoney/AboutUs/MediaCentre/MediaReleases2005/Nov15FirstprepaidVISAgiftcardsintroducedinCanada/ First prepaid VISA® gift cards introduced in Canada] ] In mid-2008, Vancity launched the first reloadable visa card, enviro Reloadable Visa card. [ [https://www.vancity.com/MyMoney/ProductsandServices/Banking/VISACards/enviroReloadableVISA/ enviro Reloadable Visa card] ]

In September, 2006 Vancity launched [http://ChangeEverything.ca/ ChangeEverything.ca] , an online community focused on issues of change in Vancouver, the Lower Mainland and Victoria.

In February 2008, Vancity officially merged with Greater Victoria Savings Credit Union, adding more than $66 million in assets, 5,100 members and four branches to the Vancity Group. [Cite press release |url=https://www.vancity.com/MyMoney/AboutUs/MediaCentre/MediaReleases2007/December12/ |title=Greater Victoria Savings members give thumbs up to merger with Vancity |publisher=Vancity|date=2007-12-12]

In April 2008, Vancity officially announced it has achieved carbon neutrality, two years ahead of schedule and the first North America based financial institution to do so. [ [https://www.vancity.com/MyCommunity/AboutUs/MediaCentre/MediaReleases2008/April9/ Vancity - April 9 2008 Media Release ] ]

Membership

Vancity is a member of the Canadian Bankers Association (CBA) and registered member with Credit Union Deposit Insurance Corporation of BC.

References

External links

* [http://www.vancity.com/ Official site]