Put your money where it

advances Reconciliation.

Creating access to financial services for everyone is core to who we are as a credit union.

Systemic discrimination has resulted in a lack of historical relationships between banking institutions and Indigenous communities. This has created an unequal distribution of capital and access to opportunities which have far-reaching impacts on the lives and financial well-being of many Indigenous communities and people.

Commitment to Reconciliation.

Reconciliation is one of Vancity’s core organizational values. Our commitment to the Progressive Aboriginal Relations (PAR) certification program marks the latest phase in our ongoing journey.

This builds on steps we've taken, such as being a founding partner of Reconciliation Canada, adopting the call to action for businesses from the Truth and Reconciliation Commission, and adopting the UN Declaration of the rights of Indigenous Peoples.

Partnership beyond transactions.

Our partnerships with First Nation communities are based in recognition of their right to self-determination, including the inherent right of self-government. We listen to understand how Vancity can support Indigenous communities. We don’t always have the answer, but we bring together those that do. We believe this is an approach that helps build community strength, resilience, and nurtures a true long-term partnership.

When the 'Namgis Nation told us they needed local access to financial services, we opened a Vancity branch in the village of Alert Bay to meet this need, the first remote community branch in Canada. When the Heiltsuk people wanted to build the Heiltsuk Horizon Maritime Services in Bella Bella so they can directly benefit from marine and economic activities within their territory, we provided fair financing and specialized business advice. Vancity worked with two First Nations partners, Tsawwassen and Skowkale, to create tailored mortgage solutions to the Nation’s land ownership arrangements.

Indigenous entrepreneurs and businesses.

Indigenous economies existed before there was Canada. Indigenous entrepreneurship is — and will continue to be — a driving force of the country’s economy.  

Canada’s legacy of discrimination continues to create barriers for Indigenous entrepreneurs and businesses. Vancity works to address these systemic barriers and develop fair access to finance for all.

Vancity works with organizations like:  

  • Canadian Centre for Aboriginal Entrepreneurship for microfinancing start-up lending that is based on the merit of the business idea and plan, the character of the entrepreneur, and the support network surrounding them;  
  • Stó:lo Community Futures for business support services, including business advisory, loans and training/workshop programs, to current and aspiring Indigenous entrepreneurs and Stó:lō Community-owned businesses in S'ólh Téméxw; and  
  • Raven Capital Indigenous Impact Fund, Canada’s first Indigenous-led and -owned investment firm and this fund provides access to a pool of capital designed specifically for Indigenous entrepreneurs to help grow the Indigenous economy.

Vancity supports Indigenous education programs like Simon Fraser University’s Executive MBA in Indigenous Business and Leadership program, as well as UBC Sauder School of Business Ch’nook program.  

We work in partnership with Native Education College (NEC) to deliver our small business financial literacy program, and provide small business mentorship and advice.

In 2021, over $1.3MM in Shared Success funds (the share of our net profits reinvested in community) were invested in Indigenous initiatives like the Tsawwassen First Nation Farm School, Stewards of Sc’ianew Society, and Bears’ Lair TV series for Indigenous Entrepreneurs.

Our journey.

2009

Vancity is the first credit union in Canada to participate in the First Nations Market Housing Fund, which facilitates and broadens the range of housing options for residents of First Nations communities.

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2012

Vancity becomes a founding partner of Reconciliation Canada in support of Indigenous communities and the process of reconciliation.

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2015

Vancity opens the Cormorant Island Community Branch; a partnership with the ‘Namgis First Nation and the Village of Alert Bay.

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2016

Reconciliation becomes a core value at Vancity, with a commitment to ensure equitable access to opportunities and build meaningful relationships with Indigenous partners.

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2021

Vancity becomes a founding partner of the Indigenous Prosperity Centre (IPC), an Indigenous-led economic development branch of the South Island Prosperity Partnership.

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2021

Vancity Community Investment Bank partners with the Six Nations of the Grand River Development Corporation to refinance the second-largest wind farm in Ontario.

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2022

Created with guidance from Elders and our Indigenous colleagues, Vancity develops Wealth Mindset - an Indigenous taught and led financial education workshop that builds financial skills and celebrates Indigenous resilience.

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2022

Vancity commits to the Progressive Aboriginal Relations (PAR) certification program by the Canadian Council for Aboriginal Business.

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Real people, real stories.

See more Reconciliation stories.

When your money is changing the world, you are changing the world.

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