Vancity Credit Union
This Page's Content Was Last Updated: July 21, 2026
Important Information
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Managing $31.5 billion in total assets, Vancity Credit Union stands as the #2 largest credit union in Canada. Our independent review breaks down Vancity Credit Union’s consumer offerings, deposit safety under the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA, and competitive rates for British Columbia depositors and home buyers.
Jump to Section: Institution Overview•Mortgage Rates•GIC Rates•Financial Performance
Credit Union
Vancity
Vancity Credit Union is a credit union located in British Columbia. It was founded in 1946. It primarily serves Southwestern Region of British Columbia.
Vancouver City Savings Credit Union (Vancity) is a member-owned financial cooperative based in Vancouver and one of Canada's largest community credit unions, founded in 1946 to expand access to banking and credit through an open-bond cooperative model.
Vancity is associated with several firsts in Canadian financial services. It was the first financial institution in Canada to grant mortgages to women without a male co-signer, and it introduced the country's first daily-interest savings account and first socially responsible mutual fund.
Operating across British Columbia, Vancity provides personal and commercial banking, mortgage lending, and wealth management. Member deposits are protected, with no dollar limit, by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA, and a portion of annual profits is returned to members and community initiatives through its Shared Success program.
Provinces served
Number of Members (as of 2025): ~588,000
Vancity Mortgage Rates
The mortgage rates on this page were last updated on September 21, 2026 at 6:15 PM ET.
| Lender | Term | Insured down payment < 20% | Insurable home < $1M & amortization ≤ 25yr |
|---|---|---|---|
| Vancity Credit Union | 6-Month Fixed | 5.49% | 5.49% |
| Vancity Credit Union | 1-Year Fixed | 4.55% | 4.55% |
| Vancity Credit Union | 2-Year Fixed | 4.65% | 4.65% |
| Vancity Credit Union | 3-Year Fixed | 4.75% | 4.75% |
| Vancity Credit Union | 4-Year Fixed | 4.79% | 4.79% |
| Vancity Credit Union | 5-Year Fixed | 4.84% | 4.84% |
| Vancity Credit Union | 7-Year Fixed | 4.97% | 4.97% |
| Vancity Credit Union | 10-Year Fixed | 5.29% | 5.29% |
| Vancity Credit Union | 5-Year Variable | 3.95% | 3.95% |
* Rates are for informational purposes only and reflect the lowest rates available. Rates may change at any time and may be applicable only to certain borrowers. Terms and conditions apply. | |||
Looking for fine-print details? Read our comprehensive Vancity Credit Union Mortgage Rates, Prepayment Privileges & Penalty Review to learn about annual lump-sum rules, payment increases, and early payout calculations.
Vancity GIC Rates
The GIC rates on this page were last updated on September 21, 2026 at 5:44 PM ET.
| Term | Non-Registered Rate | Registered Rate |
|---|---|---|
| 1-Year | 3.00% | 3.20% |
| 1.5-Year | 3.35% | 3.55% |
| 2-Year | 3.40% | 3.60% |
| 3-Year | 3.65% | 3.85% |
| 4-Year | 3.60% | 3.80% |
| 5-Year | 3.70% | 3.90% |
* Rates are for informational purposes only and reflect the highest rates available. Rates may change at any time and may be applicable only to certain depositors. Terms and conditions apply. | ||
Vancity Credit Union Ranking Among Credit Unions Monitored by WOWA
2nd
by Assets
of 134 credit unions
3rd
by Loans
of 133 credit unions
2nd
by Deposits
of 133 credit unions
Vancity Credit Union ranks 2nd among Canadian credit unions by assets monitored by WOWA, 3rd by loans, and 2nd by deposits, as of December 31, 2025. You can view the complete list of Canadian credit unions here.
Vancity Credit Union Branch Locations
Chequing and Savings Accounts
The account-related data on this page was last updated on July 20, 2026.
Chequing Accounts
Chequing Account
1. Account: Chequing Plus
- Standard Fee
- Free*
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows Unlimited free transactions.
- Vancity does not charge a fee for ATM withdrawals on any network worldwide.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- *This account is available for youth, students, and seniors only.
- Vancity Chequing Plus is a no-monthly-fee chequing account available to youth under 25 and members age 65+. Both versions include unlimited everyday transactions and free Interac e-Transfers. Youth receive 50 free personalized cheques, while seniors receive additional cheque or U.S. dollar draft benefits and a $5 safety deposit box discount.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
2. Account: Essential
- Standard Fee
- $9.75/mo
- Free Transactions
- 25
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $1,500 in your account.
- This account allows 25 free transactions.
- E-Transfers are excluded from the transaction limit and is unlimited.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Vancity Essential is a chequing account with 25 included in-person, debit card, cheque, and ATM transactions per month. Online and mobile banking transactions, pre-authorized payments, and Interac e-Transfers are free. The $9.75 monthly fee can be waived by maintaining a minimum balance of $1,500.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
3. Account: Essential Plus
- Standard Fee
- $14.75/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $3,000 in your account.
- This account allows Unlimited free transactions. Maximum 1 of these transactions can be carried out in branch.
- 1 Everyday in-person transaction is included each month, with a $0.70 fee for each additional transaction. Transaction fees are waived when a minimum balance of $3,000 is maintained.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Vancity Essential Plus is a chequing account with unlimited debit card, online and mobile transactions, plus free cheque transactions, pre-authorized payments, and Interac e-Transfers. It includes 1 free in-person transaction per month and up to a $150 first-year rebate on select rewards credit cards. The monthly fee is waived with a $3,000 minimum balance.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
4. Account: Pay As You Go
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 0 free transactions.
- In-Person Transaction: $0.70 Debit Card Transaction: $0.50 Cheque: $0.50 Pre-Authorized Payment: $0.50 Interac e-Transfer (Send or Request): $0.90
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Vancity Pay As You Go is a no-monthly-fee chequing account for members with lower transaction needs. Online and mobile banking transactions are free, while debit card and ATM transactions cost $0.50 each. Interac e-Transfers are free to receive and cost $0.90 to send or request, with access to over 4,000 ding-free ATMs across Canada.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Chequing Account
5. Account: Total
- Standard Fee
- $25.75/mo
- Free Transactions
- Unlimited
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- The monthly account fee is waived if you maintain a minimum balance of $6,000 in your account.
- This account allows Unlimited free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Vancity Total is a chequing account with unlimited everyday transactions and Interac e-Transfers. It includes no Vancity ATM fee worldwide, free personalized cheques and bank drafts, a $5 safe deposit box discount, and an annual fee rebate of up to $150 on eligible credit cards. The monthly fee is waived with a $6,000 minimum balance.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Savings Accounts
Savings Account
Account: Jumpstart™ High Interest Savings
- Interest Rate
- 0.60%
- Standard Fee
- Free
- Free Transactions
- 0
- Max e-Transfer / Day
- $10,000
- Insurance Limit
- Unlimited
Account details
- This account allows 0 free transactions.
- Maximum Interac e-Transfer per day: $10,000
- Maximum Interac e-Transfer per week: $10,000
- This limit may vary depending on the client profile.
- Vancity Jumpstart High Interest Savings is a no-monthly-fee savings account with no minimum balance requirement. It includes free online and mobile transactions and can be held within several registered plans, including TFSAs, RRSPs, and FHSAs. In-person transactions and pre-authorized payments cost $5 each, while cheque payments are not available.
Deposit Insurance
Deposits are insured by the Credit Union Deposit Insurance Corporation of British Columbia (CUDIC), administered by BCFSA.
Key Financial Metrics and Trends
| Metric | 2025 | YoY Change | 5-Year Change |
|---|---|---|---|
| Assets | $31,465M | +10.9% | +18.4% |
| Loans | $26,139M | +6.4% | +15.0% |
| Deposits | $26,848M | +8.0% | +17.3% |
| Loan-to-Deposit Ratio | 97.4% | — | — |
| Mortgages + HELOCs | $17,084M | +8.1% | +16.3% |
| Securities | $4,610M | +38.1% | +40.8% |
| Revenue | $643M | +26.6% | -42.5% |
| Efficiency Ratio | 82.4% | — | — |
| Target Members / Region | Southwestern Region of British Columbia | — | — |
Vancity Credit Union Deposits, Loans and Revenue in the Past 5 Years
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Contact
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Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.