1946 headquarters vancouver british columbia key people tamara vrooman president ceo revenue 435 million cad 2015 net income 65.1 million cad 2015 total assets 19.8 billion cad 2015 number of employees 2 594 2015 website vancity.com vancouver city savings credit union commonly referred to as vancity is a member owned financial co operative headquartered in vancouver british columbia . by asset size vancity is the largest community credit union in canada with 19.8 billion in assets 59 branches and more than 519 000 members . 1 contents 1 history 1.1 milestones 2 services 3 membership 4 awards and recognition 5 references 6 external links history edit vancity began operations in 1946 as an open bond credit union in vancouver british columbia canada . initially a financial co operative consisting of 14 vancouver residents vancity has grown to serve b.c. s lower mainland and the victoria region of vancouver island . on september 28 1946 14 vancouver residents signed a charter to establish an open bond credit union that would be open to any resident of the city regardless of social affiliation . 2 on october 11 1946 vancouver city savings credit union opened to the public . by the end of 1946 total assets were 2 966 . vancity first operated out of a former machine shop on the corner of broadway and quebec streets in vancouver . by the end of 1951 membership had reached 2 000 . assets grew rapidly after the introduction of personal chequing accounts in the same year reaching 5 million in 1962 10 million in 1965 100 million in 1973 and 1 billion by 1980 . current assets are 19.8 billion . 3 milestones edit vancity has a history of innovation in the north american financial services market 1946 the first financial institution to provide mortgages for properties in vancouver s working class east end . 4 1959 the first financial institution in canada to offer open mortgages . 5 1961 the first financial institution in canada to lend to women without a male co signer . 5 1967 the first financial institution in canada to offer a daily interest savings account calculating interest earnings on a daily basis . 6 1980 the first financial institution in canada to offer an all in one banking statement . 7 1986 offers canada s first socially responsible mutual fund the ethical growth fund . 8 1988 the first financial institution in canada to offer a registered education savings plan . 5 1991 the first credit union in canada to acquire a trust company citizens trust company . 9 1997 the first financial institution in canada to establish a branchless bank citizens bank of canada . 5 2002 the first financial institution in canada to market to the gay and lesbian community through mainstream advertising . 5 services edit vancity s primary lines of business include retail and business banking deposit taking and lending and mortgage lending . through wholly owned subsidiaries vancity also operates foreign exchange life insurance visa credit cards real estate development and investment advisory services . membership edit vancity is a member of central 1 credit union and is registered with the credit union deposit insurance corporation of british columbia . in december 2010 vancity joined the global alliance for banking on values gabv . 10 awards and recognition edit vancity has won a number of important business and social innovation awards including top 50 socially responsible corporations from maclean s 2014 11 best 50 corporate citizens in canada 1st in financial category 2nd overall from corporate knights 2014 12 bc s top employers from canada s top 100 employers 2014 13 access and inclusion award from the city of vancouver 2013 14 marketer of the year from bcama 2013 2005 1993 15 best corporate citizen in canada from corporate knights 2013 16 credibility through assurance winner and best integrated report 1st runner up from corporate register reporting awards 2013 17 best 50 corporate citizens in canada 2nd from corporate knights 2012 18 rix award for engaged corporate citizenship from the rix center for corporate citizenship & engaged leadership 2011 19 most innovative companies finance category 8th from fast company 2010 20 community economic development award from credit union central of canada 2009 21 vancity ceo tamara vrooman named as canada s most powerful woman in the corporate executives category from the women s executive network 2008 22 first place north american sustainability reporting award from the association of chartered certified accountants acca and the coalition for environmentally responsible economies ceres 2007 23 number 1 place to work in canada from great place to work institute canada 2006 24 references edit vancity posts strong 2015 results and boosts membership . vancity.com . retrieved 2016 03 09 . 1 archived august 9 2014 at the wayback machine . vancity posts strong 2015 results and boosts membership . vancity.com . retrieved 2016 03 09 . herschel hardin . herschelhardin.ca . retrieved 2015 12 27 . a b c d e credit union firsts commemorate a strong history of innovation world council of credit unions . woccu.org . retrieved 2015 12 27 . hardin hershel 1996 . working dollars p. 128 . douglas & macintyre vancouver . isbn 1550544322 hardin hershel 1996 . working dollars p. 280 . douglas & macintyre vancouver . isbn 1550544322 hardin hershel 1996 . working dollars p. 411 . douglas & macintyre vancouver . isbn 1550544322 hardin hershel 1996 . working dollars p. 465 . douglas & macintyre vancouver . isbn 1550544322 global alliance for banking on values vancity canada . gabv.org . 2014 06 20 . retrieved 2015 12 27 . top 50 socially responsible corporations 2014 . macleans.ca . 2014 06 05 . retrieved 2015 12 27 . http www.corporateknights.com article 2014 best 50 corporate citizens canada ranking announced leung kristina 2015 04 21 . jobs at vancouver city savings credit union . eluta.ca . retrieved 2015 12 27 . awards of excellence city of vancouver . vancouver.ca . retrieved 2015 12 27 . graphically speaking . past winners of the bc marketer of the year award . bcama . retrieved 2015 12 27 . simon bernard 2014 06 20 . 2013 best 50 . corporateknights.com . retrieved 2015 12 27 . cr reporting awards . corporateregister.com . retrieved 2015 12 27 . perkins tara 2014 06 20 . 2012 best 50 . corporateknights.com . retrieved 2015 12 27 . http www.therixcenter.com 2011 03 engaged citizenship awards 2011 celebrating business giving back to community criteria kamenetz anya 2010 02 11 . most innovative companies finance . fastcompany.com . retrieved 2015 12 27 . 2009 community economic development award credit union central of canada . cucentral.ca . 2010 10 07 . retrieved 2015 12 27 . wxn award winners women executives executive . financial post . 2014 05 22 . retrieved 2015 12 27 . laura pratt is a toronto based freelance writer . sustainability reporting . cga canada.org . retrieved 2015 12 27 . http www.greatplacetowork.ca best workplaces best workplaces in canada 429 2006 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