VCIB announces permanent appointment of Christine Bergeron as CEO

Christine leads Vancity Group which includes Vancity Credit Union, Vancity Community Investment Bank, and Vancity Investment Management

Tuesday, May 24, 2022: Traditional territory of multiple Indigenous nations, including the Haudenosaunee and the treaty territory of the Mississaugas of the Credit/Toronto, ON— Vancity Community Investment Bank (VCIB), a subsidiary of Vancity credit union, is pleased to announce the appointment of Christine Bergeron as CEO. Christine has served as VCIB’s Interim CEO since November 6, 2021, and also holds the position of President and CEO at Vancity.

“Christine’s proven leadership in social and environmental finance makes her the ideal candidate to lead VCIB’s next chapter,” said Anita Braha, Chair of VCIB’s Board of Directors. “With her experience and understanding of the Vancity Group’s goal to be a financial force for change, the Board is confident that Christine will build on VCIB’s momentum and success to be a Canadian leader in financing more sustainable, inclusive, and affordable communities.”

Formerly Citizens Bank, VCIB re-launched in 2017 with a mandate to follow Vancity’s community-first financing model. Over the past four years, VCIB’s clean energy and purpose-built real estate financing have turned the bank into a leading financier for Canada’s affordable and net-zero future. Since 2017, VCIB has financed the creation or preservation of 2,315 units of affordable housing, and clean energy projects have helped avoid more than 17,582 tonnes of CO2, saved 81,385 MWh of energy and generated 30,737 MWh of renewable power.

“When we place impact and values at the core of financial decision making, we can build a world that is clean and fair for everyone,” said Christine. “I’m excited to lead VCIB’s next chapter as we lean further into our work to lead the net-zero transition and create more equitable and affordable communities.”

Prior to joining Vancity, Christine’s career involved working in early-stage venture capital in Silicon Valley, public markets and broadly with entrepreneurs; financing innovative companies and building financial firms – all focused within the cleantech, sustainability and impact investing sectors.

Christine is a board member of Aviso Wealth and is on the Board of Governors for the BC Business Council. She also chairs the board of InBC Investment Corp., and represents North America on the United Nations Environment Programme Finance Initiative’s Banking Board.

About Vancity Community Investment Bank (VCIB)

VCIB is an Ontario-based, Schedule I federally chartered bank and a subsidiary of Vancity Credit Union. As the only values-based bank in Canada, VCIB provides specialized financing solutions for impactful projects like social purpose real estate and clean energy projects. For purpose-driven businesses and organizations, VCIB offers banking, investing, and financing solutions tailor-made to increase their growth and impact. VCIB is a certified B Corporation and a member of the Global Alliance for Banking on Values. For more information, visit vcib.ca, tweet us at @BankVancity and connect with us on LinkedIn.

About Vancity

Vancity is a values-based financial co-operative serving the needs of its more than 560,000 member-owners and their communities, with offices and 54 branches located in Metro Vancouver, the Fraser Valley, Victoria, Squamish and Alert Bay, within the territories of the Coast Salish and Kwakwaka’wakw people. With $33 billion in assets plus assets under administration, Vancity is Canada’s largest community credit union. Vancity uses its assets to help improve the financial well-being of its members while at the same time helping to develop healthy communities that are socially, economically and environmentally sustainable.

For more information, please visit vancity.com

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Vancity Community Investment Bank is a member of CDIC and is a Certified B CorpTM