Vancity Credit Union
This Page's Content Was Last Updated: July 21, 2026
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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, known as Vancity, is Canada’s largest community credit union and is headquartered in Vancouver, British Columbia. It was founded in 1946 by Vancouver residents who wanted to expand access to banking and credit through an open bond, community based cooperative.
Vancity has been associated with several developments in Canadian financial services. It was the first financial institution in Canada to provide mortgages to women without a male co-signer, and it introduced Canada’s first daily interest savings account and first socially responsible mutual fund.
Today, Vancity serves members in communities across British Columbia with personal and business banking, lending, mortgages, investments, and financial advice. Through its Shared Success program, Vancity shares a portion of profits with members and communities.
Provinces served
Number of Members (as of 2025): ~588,000
Vancity Mortgage Rates
The mortgage rates on this page were last updated on August 25, 2026 at 6:09 PM ET.
| Lender | Term | Rate | |
|---|---|---|---|
| 6-Month Fixed | 5.49% | ||
| 1-Year Fixed | 4.20% | ||
| 2-Year Fixed | 4.39% | ||
| 3-Year Fixed | 4.49% | ||
| 4-Year Fixed | 4.54% | ||
| 5-Year Fixed | 4.59% | ||
| 7-Year Fixed | 4.97% | ||
| 10-Year Fixed | 5.29% | ||
| 5-Year Variable | 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. | |||
Vancity GIC Rates
The GIC rates on this page were last updated on August 25, 2026 at 11:26 AM ET.
| Term | Rate |
|---|---|
| 1-Year | 3.00% |
| 1.5-Year | 3.05% |
| 2-Year | 3.10% |
| 3-Year | 3.55% |
| 4-Year | 3.45% |
| 5-Year | 3.60% |
* 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. | |
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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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.
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- 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.