Vancouver City Savings Credit Union

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183 Terminal Ave
Vancouver, BC V6A 4G2
Vancouver City Savings Credit Union is a member-owned co-operative credit union, providing a range of financial products and services to members across the province.

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Vancouver City Savings Credit Union
Vancity employees on hand to welcome the credit union's members to the annual PNE fair  

Recognized as one of Canada's Top 100 Employers (2019), Canada's Top Family-Friendly Employers (2019) and BC's Top Employers (2019):

By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Nov 8, 2018)

Here are some of the reasons why Vancouver City Savings Credit Union was selected as one of Canada's Top 100 Employers (2019), Canada's Top Family-Friendly Employers (2019) and BC's Top Employers (2019):

  • In keeping with the Federal Government's recently extended maternity and parental leave policies to 18 months, Vancity has raised the bar through the introduction of combined maternity and parental leave top-ups to 85% of salary for 78 weeks -- as well as extending the parental leave portion for new dads and adoptive parents to 85% of salary for 61 weeks
  • Along with being one of Canada's largest "Living Wage" employers (with starting pay rates much higher than the official minimum wage), Vancity helps employees save for the future with contributions to a defined benefit pension plan and a non-matching RSP plan (with an option for employees to contribute)
  • A familiar name in the wider community, Vancity's "Community Partnership" committee is comprised of employees that review and select the many initiatives that employees and the credit union support every year -- including last year's "Walk for Reconciliation" in support of Indigenous Canadians and the desire of building a better shared future for all Canadians
Vancity employees during the Walk for Reconciliation  

Employer Background

Industry Credit unions
Established in Canada 1946
Major Canadian hiring locations Vancouver BC, Victoria BC
Full-time employees in Canada 2,147
Part-time employees in Canada 474
Workforce engaged on a contract basis 3.07%
Average age of employees in Canada 41.65 years
Longest serving employee 43 years

Physical Workplace Rating: A

Commuter amenities transit subsidies, online car-pool sign-up, electric vehicle charging stations, secure/sheltered bicycle parking
Workplace features Vancity Centre is situated at the head of False Creek, an inlet to the Pacific Ocean that borders downtown Vancouver, the office was custom built to include easy access to the SkyTrain, inside, telecommuter workstations, sit-stand workstations, nap room, outdoor patio, and features onsite locker room and shower facilities, instructor-led yoga and pilates classes, and registered massage therapy services
Employee lounge amenities comfortable seating, unique rooftop "Sky Garden" and patio on the 12th floor
Other nearby amenities Creekside Community Centre, fitness club, False Creek Seawall, daycare, restaurants, TELUS World of Science, Granville Island, Olympic Village, Gastown, Yaletown neighbourhoods

Work Atmosphere & Communications Rating: B+

Recent social events "To Infinity and Beyond" employee recognition event with over 1,000 employees in attendance, Vancity Member Day at the Pacific National Exhibition, over 550 employees participated in the "Walk for Reconciliation" in support of Indigenous Canadians and to express support for building a better shared future for all Canadians
Cultural aspects business casual dress, casual dress Fridays, music while working, concierge services available
Employee communications intranet site, company newsletter, internal social media

Financial Benefits & Compensation Rating: A+

Outside salary surveys participates in outside salary surveys every 12 months
Employee salary reviews individual salaries are reviewed every 12 months
Long-term savings defined-benefit (DB) pension, non-matching RSP
Long-term planning retirement planning assistance, life & disability insurance
Profit-sharing plan available to all employees
Referral bonuses (max) new employee referral bonuses (up to $800) for some positions
Signing bonuses available for some positions
Additional financial benefits low-interest home loans, discounted financial services, interest-free computer purchase loan program, employees have the option to choose to contribute to the non-matching RSP plan

Health & Family-Friendly Benefits Rating: A

Health plan note Vancity has multiple employee groups, health plans may vary by position
Health plan premium as part of the health plan, the employer pays up to 100% of the premiums
Flexible coverage health plan is flexible with adjustable premiums and coverage levels
Minimum hours worked for coverage 17 hours per week
Waiting period for coverage 90 days
Family coverage option yes
Dental coverage routine, restorative, orthodontics
Traditional coverage (e.g. prescription drugs) yes
Other health plan information employee assistance (EAP) plan, physiotherapy, medical travel insurance, homecare, medical equipment and supplies, massage therapy, nutrition planning, podiatrist, osteopathy, chiropractor, alternative coverage (e.g. accupuncture, naturopathy)
Additional health and wellness information retiree coverage extends up to 15 years post-retirement, bi-weekly chair massages, flu shot clinic, free online health assessments
Maternity top-up (mothers) up to 85% of salary for 17 weeks
Parental top-up (mothers) up to 85% of salary for 61 weeks
Parental top-up (fathers) up to 85% of salary for 61 weeks
Adoption top-up up to 85% of salary for 61 weeks
Additional family-friendly benefits extended parental leave to unpaid leave
Alternative work options flexible work hours, 35-hour work week (with full pay), shortened work week (fewer hours with less pay), compressed work week, telecommuting, earned days off program
Additional family-friendly information care time policy (which can be used for personal illness, severe illness of an immediate family member, emergency child arrangements and eldercare arrangements), free summer leadership camp for employees' children (from 14 to 18 years of age)

Vacation & Personal Time-Off Rating: B+

Vacation note Vancity has multiple employee groups, vacation policies may vary by position
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Vacation jump vacation increases after 4 years of employment
Maximum vacation allowance employees move to a maximum of 5 weeks of vacation over their career
Unpaid leave maximum 24 months
Additional time-off information some employees receive 4 weeks of vacation to start and work to a maximum of 6 weeks vacation

Employee Engagement & Performance Rating: A+

Employee performance reviews employees receive individual performance reviews every 12 months
Managers receive performance review training yes
360° feedback option as part of the review process, performance feedback is also solicited from co-workers and other managers familiar with each employee's work
Confidential employee feedback employees can also provide confidential feedback on their manager's performance
Exit interview exit interview option is available for departing employees
Performance recognition individual performance bonuses, long-service awards
In-house survey period in-house surveys are conducted every 12 months
Outside survey period outside consultant surveys are held every 12 months

Training & Skills Development Rating: A+

Career planning in-house career planning services, online employee skills inventory
In-house training initiatives mentoring, in-house training, online training, leadership training, paid internships, subsidies for professional accreditation
Related tuition subsidies employer covers up to 100% of tuition per year
Annual tuition maximum employer pays up to $2,400 in tuition subsidies for job-related courses per year
Unrelated tuition subsidies employer covers up to 100% of tuition per year for courses unrelated to current position
Unrelated tuition maximum employer pays up to $2,400 in tuition subsidies per year for courses unrelated to current position
Unique training & development programs unique live and work co-op training option for employees interested in living in Bologna, Italy (where co-operatives account for one-third of the GDP), secondments for employees who want to spend time working at a non-profit organization in BC (from 4 months to 2 years), opportunity to participate in St. Mary's University's international Master of Management Co-operative and Credit Unions Program (located in Halifax)

Community Involvement Rating: A

Scope of charitable involvement local
Total number of charities supported last year approximately 88 charitable and community organizations were supported last year
Some of the community organizations supported Greater Victoria Housing Society and Catalyst Community Developments, Living Wage for Families Campaign, The Pembina Institute, BCIT's Aboriginal Student Services and Native Education College, Green Jobs Coalition, Ocean Wise Local Food Program, Social Purpose Real Estate Collaborative
Community highlight Vancity supports a "Community Partnership" committee that is comprised of employees from all lines of business within the co-operative, who are are responsible for reviewing and selecting those community and charitable initiatives to support (providing up to $10,000 for selected initiatives). The credit union's main focus includes support for affordable housing, co-operative business, economic inclusion, energy and environment, impact business development, labour, Indigenous communities, local and organic food initiatives, and social purpose-focused real estate.

Recognized as one of Canada's Top Employers for Young People (2019):

By Kristina Leung and Richard Yerema, Mediacorp Canada Inc. staff editors (Jan 17, 2019)

Here are some of the reasons why Vancouver City Savings Credit Union was selected as one of Canada's Top Employers for Young People (2019):

  • Vancity manages a Community Leadership internship program to provide work experience to diverse individuals who face barriers to employment
  • Vancity employees have the opportunity to participate in the Master of Management Co-operative and Credit Unions Program, which provides management skills to help individuals run a successful co-operative business -- the program includes coursework, a final paper and opportunities to study abroad in Spain or Italy
Vancity staff at UNINTERRUPTED, a public art installation that projects images of a BC river onto Cambie Bridge, presented by Vancity in partnership with Canada Wild Productions Ltd.  

Highlights

Industry Credit unions
Major Canadian hiring locations Vancouver BC, Victoria BC
Full-time employees in Canada 2,147
Student opportunities summer jobs, co-op opportunities, paid internships
Related tuition subsidies employer covers up to 100% of tuition per year
Annual tuition maximum employer pays up to $2,400 in tuition subsidies for job-related courses per year
Career development in-house training, online training, in-house career planning services, mentoring, leadership training, online employee skills inventory
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Unique initiatives co-operative studies tour in Bologna, Italy, where cooperatives account for one-third of the GDP, Explorer Network provides opportunities for employees from all levels to work on a strategic idea or initiative on a voluntary basis

Recognized as one of Canada's Best Diversity Employers (2019):

By Kristina Leung and Richard Yerema, Mediacorp Canada Inc. staff editors (Feb 28, 2019)

Here are some of the reasons why Vancouver City Savings Credit Union was selected as one of Canada's Best Diversity Employers (2019):

  • In partnership with the Vancouver School Board, Vancity piloted a work experience program for high school students with disabilities and is looking to expand the initiative to a larger scale pilot involving more lines of business and additional partnerships with school districts in the lower mainland
  • Vancity works with Focus Professional Services to employ individuals with autism in functional testing and data quality roles and, through the job carving process, created a new role to support administrative work within the organization's various branches -- the position was developed in collaboration with various community partners and Vancity has hired a number of neuro-diverse individuals for 22 pilot locations
Vancity employees, family, friends and pets participating in the Walk for Reconciliation  

Highlights

Industry Credit unions
Major Canadian hiring locations Vancouver BC, Victoria BC
Full-time employees in Canada 2,147
Formal diversity strategy has a defined strategy to achieve diversity and inclusion goals
Senior executive who oversees diversity initiatives Director, Diversity and Inclusion
Formal commitment Indigenous partnership strategy to support urban Indigenous peoples and First Nation communities
Employee resource groups Diversity and Inclusion Alliance, mental health employee resource group
Diversity training and awareness cultural perspectives workshops
Diversity highlights Vancity's president and CEO, Tamara Vrooman, was appointed to the provincial government as a co-chair of the President's Group, which is tasked with identifying barriers to employment for persons with disabilities as part of the province's Accessibility 2024 plan, manages lending programs for Indigenous individuals living on reserves as well as bank accounts for persons with disabilities, created an Entrepreneurs with Disabilities program to provide business loans and coaching
Some of the diversity-focused partnerships Canadian Centre for Diversity and Inclusion, Open Door Group, posAbilities, Indigenous Works, Native Education College, Reconciliation Canada, Qmmunity, Pacific Autism Family Centre (paid work experience for students), Aunt Leah's Place (work experience program for youth transitioning out of foster care)

Recognized as one of Canada's Greenest Employers (2019):

By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Apr 14, 2019)

Here are some of the reasons why Vancouver City Savings Credit Union was selected as one of Canada's Greenest Employers (2019):

  • Vancity's head office employees have consistently achieved waste diversion rates of over 87 per cent through aggressive recycling and composting programs -- the credit union also works directly with landlords to encourage recycling and additional diversion programs, and maintains aggressive waste and composting programs at branch locations
  • Vancity encourages its employees to think people and electric power for their next vehicle purchase, offering a $5,000 rebate to match the provincial rebate for the purchase of an electric vehicle as well as $1,000 for the purchase of an electric bike or $500 for a people-powered pedal bike
  • Vancity also encourages its customers to make sustainable choices through a number of green financial products, including socially and environmentally responsible investment funds, and a special "enviro VISA" with donations of at least 5 per cent of profits to local environmental projects
Binners sort waste at PNE, an initiative sponsored by Vancity in partnership with the Binners' Project, an organization that provides marginalized waste-pickers with training and income opportunities  

Highlights

Industry Credit unions
Major Canadian hiring locations Vancouver BC, Victoria BC
Full-time employees in Canada 2,147
Employee green team Green Champions
Senior executive who oversees initiatives Director, Facility and Environmental Management
Green highlights enviro Visa (donates at least five per cent of profits to local environmental projects), Green Business Program (helps businesses integrate sustainability into their operations), IAC Inhance SRI Funds (investment portfolio of companies that incorporate environmental practices in managing their businesses), CEV Rebate matching program (employees receive up to a $5,000 rebate from Vancity to match the provincial rebate for the purchase of an electric vehicle), Staff Cycling Incentive Program (all employees are eligible to receive $1,000 towards the purchase of an electric bicycle or $500 towards a pedal bicycle), Share Success program (gives 30 per cent of net profits back to members and community organizations working to improve social, economic and environmental conditions), tracks greenhouse gas emissions (ongoing program tracking energy usage, employee commuting, business transportation and paper usage)
Extended recycling batteries, styrofoam, light bulbs, glass, metals, organics (at some locations), and "everything that was once a tree" (paper towels, coffee cups, milk cartons, pizza boxes, paper, etc.)
Commuter amenities transit subsidies, online car-pool sign-up, secure/sheltered bicycle parking, walk to public transit, telecommuter workstations
External environmental audit yes
Publishes sustainability report yes
Some of the green community initiatives sponsorship of the annual Bike to Work Week (employees volunteer to host free bike maintenance and safe cycling workshops as well as celebration stations during the week), Hives for Humanity and Sole Foods Urban Farms (bee keeping workshops for employees)
Other location LEED Platinum
Building footprint includes PV solar panels, rainwater collection, green roof, solar water heating, geothermal heating/cooling, electric vehicle charging stations, solar air heating, heat recovery system to capture waste heat from IT computer server room, reflective e-glass, non CFC refrigerants, water-based paints, commercially harvested second-growth wood and recyclable carpets, centralized building controls (for shutting down lights and computer equipment), LED lighting, low-flow sensor water fixtures, centralized software for shutting down computers and interior lighting when not in use, head office was certified to Ceres Principles in 1995 (prior to LEED certification standards), three branch locations are LEED Gold certified and one branch is LEED Silver certified, other building accreditation (BOMA etc.)

The Career Directory

Vancouver City Savings Credit Union has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.
Vancity staff at the annual PNE fair

Highlights for New Grads

Industry Credit unions
Full-time employees in Canada 1,001 to 2,500
Major Canadian hiring locations Vancouver BC, Victoria BC
Student opportunities paid internships, summer jobs, co-op opportunities
Training subsidies for professional accreditation, orientation program, online training, in-house training, mentoring, in-house career planning services, leadership training
Annual tuition maximum employer pays up to $2,400 in tuition subsidies for job-related courses per year
Typical new grad positions Treasury, Financial Services Representative, Customer Service Representative, Marketing Co-op Student, Filing Clerk, Administrative Intern, Online Marketing Intern and Web Experience Intern positions
Starting salary $30K to $35K
Work benefits health benefits for new employees, flexible work hours, telecommuting, transit subsidies
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

Academic fields recruited

  • Bachelor of Commerce / Business Administration
    • Accounting
    • Finance
    • Information Systems
    • Marketing
  • Bachelor of Science
    • Computer Science
  • Community College Diploma
    • Accounting
    • Business
    • Computer Science
    • Financial Planning
    • Human Resources
    • Information Technology
    • Marketing / Sales
    • Purchasing / Logistics
  • Professional Accreditation
    • Accounting (CA)
    • Accounting (CGA)
    • Accounting (CMA)

Recruits at these schools

  • British Columbia Institute of Technology
  • Simon Fraser University
  • University of British Columbia

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