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Featured Story
Improving labour standards through mutual aid, solidarity, and direct action.
With support from a Vancity grant, WSN designed and launched a suite of
multi-lingual educational resources shared through WSN’s Solidarity Stewards
Program.
Equity & Inclusion
:
Advocacy
Economy & Impact Reports.
Local economy
:
Report
Vancity Group powers BC's first hydrogen fuel network.
Climate Action
:
Partnership
Vancity and First Nations partner to retrofit homes.
Reconciliation
:
Partnership
Supporting IBPOC talent beyond the big screen.
Equity & Inclusion
:
Partnership
Giving affordable housing a fighting chance.
Affordable Housing
:
Partnership
Helping 10 friends achieve their dream of owning property together.
Financial Inclusion
:
Banking
Vancity Affordable Community Housing Program.
Affordable Housing
:
Banking
Pushing to disclose the CEO to worker pay gap.
Equity and anti-racism
:
Advocacy
Reimagining our cities through a Coast Salish lens.
Reconciliation
:
Partnership
View all stories



FINANCIAL FORCE FOR CHANGE SINCE 1946.

1959

Vancity is the first financial institution in Canada to offer open mortgages.

‍

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1961

Vancity is the first financial institution in Canada to provide mortgages to
women without a male co-signer. At the time, even if a woman had an income,
banks deemed it too risky to provide any loans, let alone mortgages, to women.

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1967

Vancity introduces Plan 24 - the first daily interest savings account in Canada
which provides a fairer and more accurate way to pay and charge interest. The
account model takes off helping credit unions prosper over the next decade.

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1971

BC Unity Credit Union (BCUCU), the first credit union to serve the Black
community in Vancouver, merges with Vancity.

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1983

Vancity joins the first international ATM network (The Exchange) and becomes the
first financial institution to offer tax preparation service to its regular
members.

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1986

Vancity is the first full-service financial institution to offer its own
socially-responsible mutual funds - the Vancity Circadian Funds.

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1986

Vancity offers Canada's first socially responsible mutual fund, the Ethical
Growth Fund.

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1988

Vancity is the first Canadian financial institution to offer a Registered
Education Savings Plan (RESP).

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1989

Vancity members establish the Vancity Community Foundation, a co-operative
version of philanthropy.

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1990

First in Canada to give 5% of its credit card profits towards local
environmental projects. By 2023, Vancity enviroFund™ has given over $14 million
in grants to BC organizations.

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1993

Vancity offers the first Community Investment Deposit in Canada, providing 1%
below normal interest rates which is then passed on to finance community
projects.

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2001

Vancity members voted to award the first annual $1-million Vancity Award to
Better Environmentally Sound Transportation (BEST) to build the Central Valley
Greenway—a 24-kilometre pedestrian and cyclist route to run from New Westminster
to Vancouver.

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2002

Vancity is the first Canadian financial institution to market to the gay and
lesbian community through mainstream advertising.

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2004

Vancity is the first in Canada to offer specialized financing for energy
efficient home renovations through the introduction of Vancity's Bright Ideas
Home Financing.

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2004

Vancity receives the Best Practices Award from the American Psychological
Association for healthy workplaces—a first for any Canadian company.

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2005

Vancity is the first financial institution in North America to win a Ceres-ACCA
North American Sustainability Reporting Award for its environmental, social and
financial sustainability reporting.

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2007

Vancity achieves carbon neutrality; a first for a North American-based financial
institution. Through a rigorous emissions reduction program, Vancity reaches
this goal two years earlier than planned.

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2009

Vancity is the first credit union in Canada to participate in the First Nations
Market Housing Fund, which facilitates and broadens the range of housing options
for residents of First Nations communities.

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2011

Vancity becomes the largest organization in Canada to adopt the Living Wage
policy of paying employees and service providers a wage that meets their basic
living needs.

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2012

Vancity becomes a founding partner of Reconciliation Canada in support of
Indigenous communities and the process of reconciliation.

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2013

Vancity provides a capital grant and pre-development loan to build the Immigrant
Services Society of BC (ISSofBC) Welcome Centre, the world's first integrated
housing and settlement support services hub for newcomers and refugees.

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2014

Vancity launches the Fair and Fast Loan, a sustainable alternative to a payday
lender. The loan offers a manageable rate, more flexible payback schedule, and
eligibility based on your income—not your credit score.

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2015

Vancity opens the Cormorant Island Community Branch; a partnership with the
‘Namgis First Nation and the Village of Alert Bay.

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2016

Reconciliation becomes a core value at Vancity, with a commitment to ensure
equitable access to opportunities and build meaningful relationships with
Indigenous partners.

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2018

Vancity partners with the Government of Canada on the Affordable Housing
Innovation Fund to provide financing for new affordable rental housing
developments.

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2019

Vancity signs the GABV Climate Change Commitment pledging to measure and
disclose the carbon impact of our loans and investments.

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2020

Vancity joins the 50-30 Challenge, a federal initiative to strengthen diversity
in corporate leadership in Canada. We aim to exceed this target by having a
senior leadership team where at least 40% identify as BIPOC, LGBTQ2S+ and people
living with disabilities by 2025.

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2020

Vancity was the first Canadian financial institution to join the UN's Collective
Commitment to Climate Action and becomes North America's representative on the
Board overseeing the implementation of the Principles.

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2020

Vancity responds to the COVID pandemic by cutting credit card interest rates to
0%.

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2020

Pigeon Park Savings becomes the only bank in Vancouver's Downtown Eastside to
remain open during the COVID-19 pandemic crisis.

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2021

Vancity offers the Black Entrepreneurship Program, in partnership with the
Federation of African Canadian Economics (FACE), to provide Black business
owners and entrepreneurs with barrier-free access to business funding, tailored
advice, and more.

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2021

Vancity sets ambitious climate commitments, including achieving net-zero by 2040
across all its mortgages and loans.

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2021

Vancity Community Investment Bank partners with the Six Nations of the Grand
River Development Corporation to refinance the second-largest wind farm in
Ontario.

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2022

Vancity is the first Canadian financial institution to set reduction targets for
financed emissions under the guidelines of the UN Net Zero Banking Alliance
(NZBA).

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2022

Created with guidance from Elders and our Indigenous colleagues, Vancity
develops Wealth Mindset - an Indigenous taught and led financial education
workshop that builds financial skills and celebrates Indigenous resilience.

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2022

Vancity is the first in Canada to offer credit card holders the option to
estimate the carbon footprint that comes from their purchases.

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2022

Vancity Community Investment Bank (VCIB) finances the world’s largest wastewater
energy transfer project to supply renewable energy to Toronto Western Hospital.

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2022

Vancity commits to the Partnership Accreditation in Indigenous Relations (PAIR)
certification program by the Canadian Council for Indigenous Business.

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2022

Vancity Investment Management (VCIM) commits to reach net-zero by 2040 in its
portfolio coverage.

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2023

Vancity announced a Financial Health & Inclusion target: To increase the
percentage of members who feel confident about successfully managing their
financial situation from 74% in 2023 to 80% by 2030.

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