Relief Plan for workers

Relief Plan

As a financial co-operative, it’s important that our members have access to essentials that support the well-being of individuals, families and communities. Vancity is a values-based financial institution and we take every opportunity to respond to our members when they seek assistance during financial hardships, such as a layoff.

During a layoff, we will work with impacted individual members on a case-by-case basis to find a solution that can provide temporary relief, without adding further financial stress in the long run.

It's important to reach out to your financial institution early, when there's still time to work out a solution. Come talk to us today.

What is the Vancity Layoff Relief Plan?

The Layoff Relief Plan can help laid-off workers in three ways:

  • Loan consolidation:
    Consolidate existing loans at Vancity and other financial institutions and defer payments for up to three months.
  • Loan/mortgage payment deferral:
    Defer loan/mortgage payments for up to three months.
  • Financial advice:
    Get help managing a severance package.

Who qualifies?

The Layoff Relief Plan is available to members and non-members who are facing financial hardship as a result of an employment disruption, such as a layoff (either directly or indirectly).

Assistance will be available to those who meet the required credit criteria. As everyone’s situation is unique, we will work individually on each request to create a solution that fits the needs of that person.

Talk to us

For more information, please contact us:

By phone

Metro Vancouver: 604.877.7000

Vancouver Island: 250.519.7000

North America: 1.888.826.2489

In person

Visit a Vancity community branch near you.

Find a branch


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