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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.
Tamara Rowanne Vrooman, OBC (born June 1968), is a Canadian businesswoman and civil servant who currently serves as chair of the Canada Infrastructure Bank. [1] From 2007 until July 2020, she served as the CEO of Vancity Credit Union.
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] By the end of 2019, consolidation reduced this number to 251 credits unions and caisses populaires outside Quebec, according to the Canadian Credit Union Association ...
The credit union's community role had been limited to philanthropy (about $60,000 in grants), and social and co-op housing loans (about $42 million). With Williams on the Board, the credit union began lending to business. Vancity's book of business was previously confined to personal mortgages, personal financing and commercial mortgages.
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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 ]
On July 1, 2016, the Caisse populaire acadienne ltée (later rebranded as UNI Financial Cooperation), with its 155,000 members, became the first federal credit union in Canada. [3] Coast Capital Savings announced the approval from OSFI to become the second federally regulated credit union in Canada beginning on November 1, 2018, the first ...