Vancity
Community-focused provincial credit union serving BC
Overview
Vancity (Vancouver City Savings Credit Union) is a provincially regulated credit union based in Vancouver, BC that offers chequing and savings accounts, credit cards and other retail banking services. First Credit Union is now part of Vancity.
No-Fee Chequing Accounts
Free*
- Minimum balance required
Specific thresholds vary by credit union. Visit Vancity's website for current requirements.
Current Rates
GIC Rate Ladder
| Term | Rate |
|---|---|
| 1-Year GIC | 2.90% |
| 3-Year GIC | 3.55% |
| 5-Year GIC | 3.30% |
Pros
- • Unlimited deposit insurance through CUDIC, no per-account dollar cap
- • No-fee chequing available with a minimum balance requirement
- • Excellent digital banking with a full-featured mobile app and online access
Cons
- • Fewer specialized financial products and international banking services than other institutions
Best For
Products & Accounts
Membership Eligibility
Membership required; primarily serves BC residents (provincially regulated).
Vancity serves Metro Vancouver and select BC communities. Members must live, work, or volunteer in a qualifying area.
Deposit Protection
CUDIC
Unlimited
BC's Credit Union Deposit Insurance Corporation (CUDIC), administered by the BC Financial Services Authority (BCFSA), provides unlimited protection on all eligible deposits.
Digital & Access
- Mobile App
- Online Banking
- Interac e-Transfer
- ATM NetworkTHE EXCHANGE Network (ding-free)
- Digital Ratingexcellent
Rate and eligibility data is gathered from official credit union websites and verified comparison sources. Last researched Mar 28, 2026. Always verify rates directly on the official website before making financial decisions.
Official WebsiteRelated reading
