As the first Canadian bank led by a female CEO, we’re dedicated to helping female leaders grow their businesses through tailored banking products, launching soon.
Be the change. The world is banking on it.
The first Canadian bank led by a female CEO is looking to partner with women-led organizations that drive social, economic, and environmental change.
We are Vancity Community Investment Bank, but you can call us VCIB
We are a values-driven bank on a mission to finance a sustainable tomorrow. We are the only Canadian bank exclusively focused on partnerships with organizations that drive social, economic, and environmental change.
We were born from the values-based, community-first model sharpened over seventy years by Vancity, a financial co-operative with over half a million members.
In January 2020, VCIB hosted the first of a series of events bringing together women creating affordable housing in the GTA: Building a Sustainable Tomorrow. To read our VP of Impact Banking’s recap of the event, click here.
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We'll send you periodic updates on new VCIB investment opportunities, impact banking products, and events plus news from the world of impact banking.
We’ll soon introduce new business lending products to enable the growth of social enterprises
From credit cards to checking accounts, we’re launching new day-to-day banking services for your organization
Spotlight on Women in Leadership
Tamara Vrooman believes that it is possible for financial institutions to build healthy communities that are environmentally and socially sustainable while being profitable.
Over $5.4 billion of Vancity’s assets have been invested in social finance initiatives, including more than $350 million to increase the supply of affordable housing over the last eight years. This triple bottom line (people, planet and prosperity) expertise drives Tamara’s decision-making as Board Chair at VCIB and CEO of Vancity.
Under Tamara’s direction, Vancity achieved the highest profits in the organization’s 70-year history and became the first Canadian financial institution (FI) invited to the Global Alliance for Banking on Values; the first carbon-neutral FI in North America; the largest Canadian private-sector living wage employer, and one of the first to create an alternative product to high-interest payday loans.
Tamara’s commitment to helping solve unmet community needs has earned her invitations to a Vatican-hosted economic summit, to speak with the Dalai Lama and to address an event hosted by the United Nations.
Previously, Tamara served as B.C.’s Deputy Minister of Finance and Secretary to the Treasury Board. Outside of her work in building the Canadian social finance market, Tamara lends her voice to issues related to women and families, equality and inclusion.
Jay Ann Gilfoy is CEO of Vancity Community Investment Bank (VCIB), a values-driven bank and a national subsidiary of Vancouver City Savings Credit Union (Vancity). A visionary leader with more than 20 years experience as a senior executive, Jay Ann is focused on bringing to life VCIB’s bold vision of financing a sustainable tomorrow and unique model of partnering exclusively with organizations driving positive social and environmental change in their communities.
Under Jay Ann’s tenure, VCIB has honed its purpose while expanding its scope and capacity to drive results in the critical areas of affordability and clean energy, starting in Ontario. Among her achievements is leading VCIB to become the first bank in Canada to acquire an impact investment firm: CoPower, a leading provider of clean energy financing and investments.
Jay Ann draws on a wealth of experience in cultural transformation and change management. Prior to her appointment as CEO of VCIB in 2018, Jay Ann served in senior leadership positions at Vancity, most recently as Senior Vice-President of Digital Solutions and Business Technology. While at Vancity, Jay-Ann led the development and implementation of a new core banking system, the first milestone of the credit union’s technology road map. She also provided strategic oversight to digital literacy, core technology infrastructure, technology solutions, digital products and fin-tech partnerships.
Her previous roles include Chief Human Resources Officer and Chief Transformation Officer at Coast Capital Savings, as well as VP of Human Resources at the BC Lottery Corporation.
Jay Ann is a passionate advocate for personal health and wellbeing. She sits on the board of ParticipACTION, a national nonprofit that promotes healthy living and physical fitness.
Jake Stacey is the Vice President of Vancity Community Investment Bank (VCIB). VCIB is values-based bank dedicated to building the social finance market in Canada by connecting capital to enterprises that are building stronger, more sustainable communities, enabling depositors and investors to finance change.
As a member of the VCIB Executive team, she is a key brand ambassador and owner of strategic relationships that extend the strengths of the Vancity Credit Union’s business model nationally under a federally regulated bank.
Her experience in commercial, corporate, and community banking is extensive, including management and leadership roles with a number of Big 5 banks, and providing consulting, advisory services, and training program development into the Financial Services industry. She also currently holds the position of Vice Chair for Leading Change Canada.
VCIB is a member of the Canada Deposit Insurance Corporation (CDIC). CDIC is a federal Crown corporation that was created in 1967 to protect the money Canadians deposit in member financial institutions.
VCIB is a Schedule 1 chartered bank operating under federal guidelines and regulated by the Office of the Superintendent of Financial Institutions.
A B Corp’s™ purpose is to create social and financial value. To belong, they must meet high standards of transparency and accountability, and create positive social and environmental benefit.
VCIB belongs to the Global Alliance for Banking on Values, an international network of banking leaders who make social and environmental change a part of their financial model.
"Climate change and housing affordability are two of the most critical challenges facing our communities, and we believe the financial industry can and should play a key role in enabling and shaping ambitious solutions"
CEO, Vancity Community Investment Bank
Frequently Asked Questions
What products and services does VCIB currently offer?
VCIB offers a suite of banking products for organizations and social enterprises, including:
- Social Purpose Real Estate: We prioritize financing for affordable housing and community projects, including co-working spaces, arts and cultural hubs, and heritage buildings.
- Clean Energy Financing: We connect clean energy developers, installers, and buidling owners with the financing they need for clean energy generation and energy efficiency projects.
- Impact Investing: Our Community Change GIC helps generate positive social and environmental change in our communities along with competitive financial returns for your organization.
In addition, VCIB offers foreign exchange solutions to help you transfer funds to friends, family, clients or suppliers anywhere in the world, buy real estate in foreign countries, or send money overseas.
We will soon offer a full suite of impact banking products to help enable non-profits and social enterprises to grow, prosper, and foster change.
How can I learn more about VCIB's impact?
In 2019, Vancity Community Investment Bank laid the foundation needed to achieve our mission of financing a sustainable tomorrow. To learn more about our impact, read our 2019 Year in Review here.
How can I follow VCIB’s community impact?
What is VCIB's history and relation to Vancity?
How is VCIB amplifying women in the community?
VCIB is pursuing multiple partnerships that support female social entrepreneurs in the community, including with SheEO and The Toronto Foundation’s Trust Collective.
As the first Canadian bank led by a female CEO, we’re dedicated to supporting other female leaders grow their business through tailored banking products, launching soon.
In January 2020, VCIB hosted the first of a series of events dedicated to women creating affordable housing in the GTA: Building a Sustainable Tomorrow. To read our Vice President of Impact Banking’s recap of the event, click here.
To be the first to learn more about our next events, click here