Financial literacy and basic banking

Financial literacy – building economic strength and independence

Our values based banking model calls on us to not only provide savvy financial products and services but to look at all the ways we can build our members wealth and well-being. Financial literacy is one of the first steps on the road to economic strength and independence. We have developed a number of initiatives and continue to work with community partners to provide programs for both individuals, businesses and organizations.

Financial literacy for individuals and groups

Aboriginal financial literacy


The Aboriginal Financial Literacy Committee, a group of partners who work directly with Aboriginal youth and adults has launched a series of financial literacy and support tools. The initiative, part funded by Vancity, provides financial literacy videos and a Financial Fitness handbook.

Each One, Teach One

Your financial well-being depends on your ability to understand and use financial information in a way that helps you make good decisions. That’s why in 2008 Vancity launched Each One, Teach One workshops to support community organizations working with newcomers, refugees, individuals facing barriers to financial services, and people living on low-incomes.



Watch the video

Workshops are available for groups from 10 to 100, day or evening, lasting one hour or a full-day. Topics include taxation and tax filing, contracts, and developing a credit history. Additional sessions cover basic banking, budgeting, and understanding the credit bureau.

If you’re interested in attending or hosting a workshop, contact Vancity at 604.709.6930 or financialliteracy@vancity.com.

Credit Card financial literacy

Aligned with our values based banking philosophy, we’re committing to providing a credit card that’s aligned with values too. It means transforming how we serve members. By providing the right card to suit your needs and the right tools and information to support you when using your credit card. So you can make payment and purchasing decisions with confidence.  


Watch the credit card financial literacy video.

We have rewritten the cardholder agreement in clear language along with a ‘must-have’ quick-start guide distributed with every new credit card issued.

And to help if you are not paying off your balance in full, an online calculator will demonstrate how altering payment amounts can save you money in interest charges. It’s only the beginning. Learn more.

Watch our video series on Getting inside a lender's head


 

Financial Fitness toolkits


Vancity brought some of Canada’s brightest minds in not-for-profit financial leadership together to create the Financial Fitness toolkit series. Each of the three handbooks in this series covers an important area of not-for-profit financial management. Download the handbooks for free.

 

The Canadian Social Enterprise Guide

The Canadian Social Enterprise Guide is a comprehensive published resource and collection of social enterprise stories designed for project managers, executive directors, directors, and employees of organizations considering creating a new enterprise, expanding or formalizing their existing revenue-generating programs.

Get in touch

Have a question or want to learn more about our financial literacy initiatives? Contact us at financialliteracy@vancity.com