Institution profile · Provincial credit union

Vancity

ActiveVancouver City Savings Credit UnionProvincial insurer

Vancity is a Vancouver credit union founded in 1946 and insured by B.C.’s unlimited provincial deposit insurance. It merged with First Credit Union on December 1, 2025 and owns a Schedule I bank, Vancity Community Investment Bank.

Profile facts checked October 30, 2026

Mitey the Yeti peeking out from behind the Vancity index cards

Cheapest everyday account$201 a yearEssential Plus Chequing

Best posted savings rate0.6%Jumpstart High Interest Savings, on $10,000

Deposit protectionProvincial insurerProvincial credit union

At a glance

Legal name: Vancouver City Savings Credit Union
Type: Provincial credit union
Head office: Vancouver, BC
Founded: 1946
Regulator: BC Financial Services Authority
Cheapest everyday account: Essential Plus Chequing — $201 a year for the Everyday example
Best posted savings rate: 0.6% on $10,000 (Jumpstart High Interest Savings)
Website: www.vancity.com

Deposit protection

Provincially insured by B.C.’s Credit Union Deposit Insurance Corporation (unlimited). Its subsidiary Vancity Community Investment Bank is a separate CDIC member.

Provincial rules: British Columbia — Unlimited.

Vancity chequing accounts and what they cost

Vancity lists 6 chequing accounts with FCAC. For our “Everyday” example (25 debit purchases, 6 bills, 5 e-Transfers and a $1,000 low balance a month), the cheapest account open to anyone is Essential Plus Chequing at $201 a year. Accounts limited to a group are marked.

Chequing accounts as listed in the FCAC Account Comparison Tool, retrieved November 1, 2026; fees a year for the Everyday example
Account	Monthly fee and waiver	Included	Fees a year
Chequing Plus (Youth under 25)Youth (18 and under)	No monthly fee	Unlimited	$24
Chequing Plus (age 65+)Seniors	No monthly fee	Unlimited	$24
Essential Plus Chequing	$14.75/mo, or $0 with a $3,000 minimum balance	Branch: 1 · self-serve: unlimited	$201
Pay As You Go Chequing	No monthly fee	None included (each one is charged)	$246
Essential Chequing	$9.75/mo, or $0 with a $1,500 minimum balance	Branch: 0 · self-serve: 0	$759
Total Chequing Account	$25.75/mo, or $0 with a $6,000 minimum balance	Unlimited	n/a

Vancity savings accounts and posted rates

Savings accounts as listed with FCAC, retrieved November 1, 2026. Posted rates; promotional rates may not appear.
Account	Rate at $10,000	Monthly fee
Jumpstart High Interest Savings	0.6%	No monthly fee
Tiered Savings	0.5%	No monthly fee

On the official lists

Computed from OSFI’s list (file dated October 1, 2026) and CDIC’s member list, checked October 30, 2026
Legal entity	OSFI list	CDIC member
Vancity Community Investment Bank	OSFI — Schedule I domestic bank	Yes

Facts, with sources

Founded in 1946.
Source: news.vancity.com
Merged with First Credit Union effective December 1, 2025.
Source: annualreport.vancity.com
Owns Vancity Community Investment Bank, a Schedule I bank listed as a CDIC member.
Source: cdic.ca

Mitey the Yeti, CanadianBanks.ca’s guide, pointing out a tip

Mitey’s note

Your own pattern can change the order. Put your numbers into the true-cost finder to rank Vancity’s accounts against everyone else’s.

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