Annual General Meeting
Learn about our AGMs.
Vancity 2025 AGM vote calculation errors and next steps.
Last month, we were pleased to gather together for our first in-person AGM since 2019. We were thrilled to engage face to face with so many of you, our members and owners, while also welcoming so many of you virtually.
Unfortunately, there were errors in the way the votes were counted that were discovered after members raised concerns and an investigation was completed. Read more from Rita Parikh, Chair of Vancity’s Board of Directors, and Wellington Holbrook, Vancity’s President and CEO.
Why we hold an AGM.
As a member, you’re also a shareholder. That means you have a say in how we do things. Our AGM happens once a year, and you get the chance to:
- Hear from your Board of Directors, an elected body that works on behalf of you, and holds us accountable to making member-first decisions
- Ask questions and give feedback on matters impacting shareholders and Vancity as a whole
- Learn about the vision for the upcoming year and hear from our CEO
Member requests.
Members may bring forward requests to the Board of Directors anytime, and sometimes, may wish to bring them for consideration by the general membership.
- A member proposal is a matter proposed for member consideration and must be delivered in writing 90 days before the AGM and then attached to the notice of meeting, in accordance with the Credit Union Incorporation Act.
- A member special resolution is for more complex business matters. Members may propose a special resolution for consideration at a general meeting or special general meeting. A minimum of 300 signatures, plus around 5630 signatures (as required under the Credit Union Incorporation Act s77(4)(b)(ii)), alongside a clear submission of the special resolution is required at least 90 days before the AGM (or at least 90 days before the date on which it is proposed that the meeting be held). To pass, two-thirds of members who vote need to approve the resolution, in accordance with the Credit Union Incorporation Act. All special resolutions are reported to the British Columbia Financial Services Authority, the regulator for credit unions in BC.
Example agenda.
Here’s what happens at our AGM:
- Report from the Board of Directors
- Report from the Chief Executive Officer
- Report from the External Auditor
- Results of the Board of Directors Election
- Member Q&A
Have a question for Vancity’s leadership team during the AGM?
The Member Q&A is a perfect time to share your voice.
2025 AGM Member Questions & Responses