2023
Annual Report.

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Leadership messages

“External pressures are real, as are the interrelated crises of climate change, housing affordability, and growing inequality. But we are confident we have the right strategy and vision to withstand them.”

Rita Parikh, Chair, Vancity Board of Directors
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Rita Parikh

“We have the strong fundamentals, capital reserves and business plan to weather the unprecedented operating environment we are currently facing.”

Wellington Holbrook, President and CEO
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Vision and business model

Our vision:
A transformed economy that protects the earth and guarantees equity for all
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Megaphone
2023 highlights

People.

Vancity is committed to the principle of inclusion.

  • 569,692 members and 81% average member satisfaction
  • 1.9% of employees identify as Indigenous
  • 1,451 units of affordable housing constructed or renovated with financing from Vancity

Planet.

We work towards a climate transition that puts people at its centre and leaves no one behind.

  • Net zero by 2040 We are committed to achieving net zero across our lending portfolio by 2040
  • 6,654 tonnes of avoided emissions from financing clean energy projects

Profit.

Putting your money where your values are.

  • $11.8 billion of our $35.5 billion in assets and assets under administration are focused on both generating a profit and creating positive impact
  • $1.1 million in operating earnings
  • $12.2 million in community grants approved

Governance.

The Board of Directors is responsible for ensuring good governance at Vancity.

  • 67% of Board Directors identify as women, transgender, and/or non-binary
  • 42% of senior managers identify as Indigenous, Black, persons of colour, 2SLGBTQIA+, gender or sexually diverse, and/or living with disabilities

Helping our members navigate unpredictable, challenging times is what we do, and it’s at the heart of Vancity.

These stories inspired us in 2023.

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