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 (2018)

Here are some of the reasons why Vancouver City Savings Credit Union was selected as one of Canada's Top 100 Employers (2018):

  • Vancity supports employees with young families through generous maternity and parental leave top-up payments for mothers (to 85% of salary for 52 weeks) as well as parental top-up for new fathers and adoptive parents (to 85% of salary for 35 weeks)
  • In addition to letting everyone share in the organization's financial success, 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)
  • Vancity encourages ongoing employee development with generous tuition subsidies (to $2,400 each year) as well as a 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 -- also provides 4-month secondments for those who want to spend time working at a non-profit organization in British Columbia
Employees visiting the Vancity-sponsored 'Uninterrupted' art installation under Vancouver's Cambie Bridge over the summer of 2017

Employer Background

Industry Credit Unions
Established in Canada 1946
Major Canadian hiring locations Vancouver BC
Full-time employees in Canada 2,050
Part-time employees in Canada 398
Workforce engaged on a contract basis 7.7%
Average age of employees in Canada 42
Longest serving employee 41.5 years

Physical Workplace 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 and features onsite shower facilities, instructor-led yoga and pilates classes, registered massage therapy services, telecommuter workstations, nap room, outdoor patio
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

Work Atmosphere & Communications 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, V After Dark annual recognition event to celebrate employee contributions
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 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, phased-in retirement work options, 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 option to contribute to the non-matching RSP plan

Health & Family-Friendly Benefits 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
Additional coverage 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)
In vitro fertilization (IVF) $2,500 per lifetime
Maternity top-up (mothers) up to 85% of salary for 17 weeks
Parental top-up (mothers) up to 85% of salary for 35 weeks
Parental top-up (fathers) up to 85% of salary for 37 weeks
Adoption top-up up to 85% of salary for 37 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

Vacation & Personal Time-Off 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 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, tailored and unique rewards (i.e. travel)
In-house survey period in-house surveys are conducted every 6 months
Outside survey period outside consultant surveys are held every 3 months

Training & Skills Development A+

Career planning in-house career planning services, online employee skills inventory
In-house training initiatives apprenticeship/skilled trades programs, 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), 4-month secondments for employees who want to spend time working at a non-profit organization in BC, opportunity to participate in the international Master of Management Co-operative and Credit Unions Program

Community Involvement A+

Scope of charitable involvement local, national
Employee charitable involvement employees are involved in selection of charities
Total employee volunteer hours (on company time) over 456 hours last year
Total number of charities supported last year approximately 299 charitable and community organizations were supported last year
Some of the community organizations supported Catalyst Community Developments Society, Open Green Building Society, Kahlsa Diwan Society, Vancouver Island Social Innovation Zone
Charitable giving matches employee donations, matches employee volunteer hours with company donations
Community highlight Vancity's community investment team is guided by the following principles: growing the cooperative economy, reducing its environmental footprint and acting on social justice and financial inclusion.

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