What is a credit union?
Bank where you’re an owner.
A credit union is a financial institution that is owned, governed, and supported by members, unlike traditional banks. Every person of legal age who opens an account becomes a part-owner with a voice in how we operate. At Vancity, we exist to serve our members, with decisions driven by community needs and profits reinvested.
Our members hold real power.
Every member, regardless of how much money they’ve deposited, has an equal vote in key decisions, ensuring we operate in the best interest of our community. As a member you can:
Guide the direction of our credit union
Propose and vote on important matters at our Annual General Meeting. For example, in 2025 members voted on Board of Directors’ compensation.
Vote and elect leaders
Choose or even run for our Board of Directors — a group of fellow members who guide the credit union’s direction, values, and strategy.
Nominate candidates
Nominate Board candidates or take part in committee that selects candidates for the ballot during the elections process.
Share in profits
Celebrate our achievements through Shared Success where 30% of our profits go back to our members and the community.
Founded on change.
Bold individuals dared to defy the status quo. Shut out by banks that wouldn’t lend east of Cambie, they didn’t wait for change. They built a credit union grounded in inclusion, community, and member ownership. Since 1946, Vancity set out to do banking differently — not just for profit, but for people.