Vancity Credit Union

Impact Areas:

Individuals, organizations and agencies interested in impact investing

Website:

Funding Amount:

Various

Geographic Area:

National

Summary:

Vancity is a member of the Global Alliance for Banking on Values, an independent network of the world’s leading sustainable banks sharing the commitment to achieving triple bottom-line impact through responsible banking practices.

Program Objective:

Loans and investments based on a socially responsible component or premise

Investment Type:

Loans - home energy, renovation, automotive, computer, RRSPs, coop home loan; Socially responsible investments - RRSPs, TFSAs, term deposits, mutual funds, stocks & bonds, discretionary investment management

Key Features:

Loans Home Energy loan - $4,000-$16,000 Bright Ideas loan - $3,500-$20,000 Clean Air Auto loan - Prime +1 rate for vehicles that emit at least 50% less CO2 than average; Prime +2 for vehicles that emit at least 33% less CO2 than average Personal Computer loan - $1,000-$5,000 Co-op Home loan - based on appraisal RRSP Re-Advancable loan - based on appraisal and approval RRSP Top-Up loan - based on appraisal and approval; minimum $5,000 client contribution to RRSP to qualify

Client Group:

Individuals