April 11 2008 Media Release

Vancity announces 2008 Board election results

Vancouver, British Columbia, April 11, 2008 — Vancity Credit Union today announced the official results of its 2008 Board of Directors election, which took place between February 25 and April 5.

Eligible Vancity members re-elected Patrice Pratt, Ian Gill and Catherine McCreary to the Board of Directors for a three-year term and elected Wendy Holm for a one-year term.

has been elected to her second consecutive term on the Board. For the past year, Patrice has served as Board Chair. Her career has included 27 years as a director of the BC Government Employees Union. She represents credit unions on the Early Childhood Development Provincial Partnership in collaboration with the United Way and the Provincial Government. Earlier this year, Patrice was named one of Business in Vancouver’s ‘Influential Women in Business’.

has been elected to his second consecutive term on the Board. For the past 14 years, Ian has served as President and CEO of Ecotrust Canada, a non-profit organization that finances sustainable enterprise in the fields of forestry, fisheries and renewable energy. Prior to that, his career included broadcast and print journalism. Ian currently chairs the Community Leadership Committee, and is past-chair of the Audit Committee.

has been a member of Vancity’s Board since 1999 and has served as Vice-Chair for the past year. Catherine has practiced law for 25 years and served two terms on the BC Labour Relations Board. She currently works as a labour arbitrator and mediator. She is Chair of Inhance Investment Management, Vancity’s socially responsible investment arm and represents Vancity on the Board of Directors of Credit Union Central of British Columbia.

Wendy Holm is returning to Vancity’s Board, having previously served as a Director between 1990 and 1996. She is a Canadian resource economist, journalist and writer with a graduate degree in Agricultural Economics. Since 1973, Wendy has managed her own consulting practice, providing economic analysis to Canadian and international clients in the government and private sector on matters of production, marketing, regulation, trade, technology, competitiveness, strategic planning and public policy.

The final election results are:

Directors Elected

Votes

1. Patrice Pratt

12,293

2. Ian Gill

10,971

3. Catherine McCreary

10,513

4. Wendy Holm

9,490

Remaining Candidates

Votes

5. Jasbir Sandhu

6,267

6. Jennifer Sweeney

6,104

7. Catherine Roome

3,797

8. Michael McAdam

3,679

9. Gordon Munn

3,545

10. Michael McLaughlin

3,453

11. Douglas Gook

3,407

12. Gary Bizzo

2,914

13. Sukh (Steven) Gill

2,823

14. Mark A. Perry

2,763

15. Marie Kerchum

2,602

16. Gregory Dean

2,290

17. Kuldeep Grewal

2,247

18. Harry Deo

1,680

19. Name Withdrawn

20

Total votes:

90,858

A record 27,025 ballots, totaling 90,858 votes were cast in this year’s election—an increase of nearly 28 per cent over 2007 and representing seven per cent of eligible voting members.

"Member participation is fundamental to our success as a financial cooperative,” says Elain Duvall, Chair of the Nominations and Election Committee and past-chair of the Board. “We’re delighted that members have again turned out in record numbers to have their say in Vancity’s future.”

The Board of Directors provides leadership for the organization and is accountable to Vancity members for strategic financial decision making and a personal commitment to Vancity’s community involvement and values.

The newly elected Board members will take office at the conclusion of Vancity’s 62nd Annual General Meeting on April 22 and will join current board members , , , , , Virginia Weiler, and at their first meeting on April 29 when a Board chair and vice-chair will be elected.

The AGM will take place at the Italian Cultural Centre at 3075 Slocan Street, Vancouver, BC. Doors open at 6:45 pm. For those not able to attend in person they can log on to a live webcast from the comfort of their homes or view the webcast at the Holiday Inn in Victoria and the Vancity Community Branch in Abbotsford. Members can register for either of these webcasts by calling 604.877.6548 or 604.877.7663 by April 15.

For additional information on Vancity’s AGM, visit: https://www.vancity.com/MyMoney/AboutUs/AGM/

For high resolution photos of each successful candidate, please click on the links below:

About Vancouver City Savings Credit Union

Vancity is Canada's largest credit union, with $14.1 billion in assets, 392,000 members, and 59 branches throughout Greater Vancouver, the Fraser Valley, Victoria and Squamish. Vancity owns Citizens Bank of Canada, serving members across the country by telephone, ATM, and the Internet. Both Vancity and Citizens Bank are guided by a commitment to corporate social responsibility and to improving the quality of life in the communities where they live and work.