Shared Success
Together, we share our success. Thank you.
At Vancity, we put your deposits to good. We’re sharing 30% of our 2017 net profits with members and communities through our Shared Success program.
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Just by doing business with us, you’re reaching your financial goals while helping to build a vibrant community.
Each year the credit union makes a contribution of 30 per cent of net income through the Vancity Shared Success Program, reaffirming its vision and values as a financial co-operative. The community portion of Shared Success focuses on supporting organizations that are doing work to strengthen our communities. We believe that when our organization succeeds, members and communities should share in that success, helping to enhance overall well-being. William Azaroff, VP Community Business & Investment, Vancity
We’re sharing $14.7 million with our community
We support organizations that focus on the three areas where we feel we can make the most impact in creating healthy communities:
- co-operative principles and practices
- social justice and financial inclusion
- environmental sustainability
Learn more about how Shared Success supports our community.
We're sharing $12.8 million with our members
| You earn: | Appear under: |
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Shared Success Bonus on interest earned on non-registered chequing, savings, term deposit accounts: 4.92% Shared Success Rebate on interest paid on loans, lines of Credit, and mortgages: 0.77% Shared Success Invest Bonus on the average balance of the non-registered investments held at Credential Group and Vancity Investment Management (VCIM): 0.20% |
Shared Success Patronage account* |
Shared Success Bonus on interest earned on registered savings and term deposit accounts: 4.92% |
RRSP/TFSA/RRIF Jumpstart™ High Interest Savings account |
Shared Success Dividends on Membership Shares: 3.75% |
*For members in joint relationships, any payment earned on jointly held accounts will be allocated evenly and paid into each individual member’s Shared Success Patronage account (i.e. accounts such as mortgages or non-registered term deposit).
Note: Bonuses and rebates in your Shared Success Patronage account, and dividends in your Class B Membership Shares account are considered interest income by Canada Revenue Agency and will be included in your T5 for the year 2018.
Even more sharing
If you’d like to share further, you can donate your Shared Success payment to worthy community projects via the Vancity Community Foundation or Vancity enviroFund™, simply do one of the following:
