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Vancouver City Savings Credit Union, commonly referred to as Vancity, is a member-owned financial co-operative headquartered in Vancouver, British Columbia, Canada.By asset size, Vancity is the largest community credit union in Canada as of 2019, with CA$28.2 billion in assets plus assets under administration, 60 branches and more than 543,000 members.
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Coast Capital Savings Credit Union was created out of a merger on December 31, 2000 between Pacific Coast Savings Credit Union and Richmond Savings Credit Union. At the time, the merged entity's $3.2 billion in assets made it the second largest credit union in Canada behind Vancity's $6.4 billion. [10]
Canada has a strong co-operative financial services sector, which consists of credit unions (caisses populaires in Quebec and other French speaking regions). At the end of 2001, Canada's credit union sector consisted of 681 credit unions and 914 caisses populaires , with more than 3,600 locations and 4,100 automated teller machines. [ 45 ]
That year Vancity extended a loan to the Sher-A-Punjab, a community centre initiated by the Sikh community in North Surrey, and created the EnviroFund, which allocated a percentage of Vancity Visa card revenues to environmental initiatives. As Vancity's rules limit director terms to 12 years, Williams retired from the Board in 1995.
Visa Europe Ltd. was a membership association and cooperative of over 3,700 European banks and other payment service providers [48] that operated Visa branded products and services within Europe. Visa Europe was a company entirely separate from Visa Inc. having gained independence of Visa International Service Association in October 2007 when ...
Simplii Financial was established following CIBC and the supermarket chain Loblaw Companies mutually deciding to end their 20-year joint venture of providing consumer banking services under the President's Choice Financial brand. [4] [5] As a completely online banking service, Simplii Financial has no branch locations.