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Vancity’s values-based business model receives national awards

Vancity ranked #1 best corporate citizen in Canada and among Canada’s Top 50 Socially Responsible Companies

June 7, 2013, Vancouver, British Columbia

Vancity CEO Tamara Vrooman celebrates with staff

Vancity is at the top of the list when it comes to being named Canada’s best Canadian corporate citizen and is one of Canada’s Top 50 Socially Responsible Companies. These national accolades recognize Vancity as a leader in providing member-focused financial services that combine economic, social and environmental factors to achieve success.

“Being recognized by Corporate Knights as the Best Corporate Citizen in Canada validates the success we achieve with our members by focusing on financial services that are built on human-focused values,” said Tamara Vrooman, President and CEO. “We’re a financial cooperative, owned by the people we serve, so we are very much in tune with the needs and desires of our members and the communities where they live.”

Vrooman continues, “And we are just as pleased to be included on Maclean’s Magazine’s list of 50 leaders in corporate social responsibility. Receiving these awards is great external validation our thriving business model, committed to innovative leadership in ethical business practices and community investment.”

Corporate Knights, a national organization which works to promote and celebrate clean capitalism through advocacy, investment advisory services and public policy initiatives ranked Vancity as the #1 Corporate Citizen in Canada.

Maclean’s magazine and Sustainalytics, a global leader in sustainability analysis, have rated Vancity “Best in Class” among a select list of 50 global corporations. Vancity ranked in the “Banks – Best in Class” category along with five other Canadian financial institutions.

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About Vancity

Vancity is a values-based financial co-operative serving the needs of its more than 492,000 member-owners and their communities through 57 branches in Metro Vancouver, the Fraser Valley, Victoria and Squamish. As Canada’s largest community credit union, Vancity uses its $17.1 billion in assets to help improve the financial wellbeing of its members while at the same time helping to develop healthy, sustainable communities. Member deposits enable the credit union to loan to other members, businesses and organizations that are creating positive economic, social and environmental impact in their communities. In addition, since 1994 Vancity has given more than $238 million to members through dividends and to communities through grants and community investment initiatives. Vancity is a Living Wage employer and a member of the Global Alliance for Banking on Values, a network of the world’s leading sustainable banks sharing a commitment to achieving triple-bottom-line impact through responsible banking practices.

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