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We’re banking on

Impact

Sustainable Communities

Local Economies

Clean Energy

Housing for All

Change

At VCIB, we define ourselves by our actions, rather than our words. The company we keep, the change we drive – these are our investments, and these are our returns.

Explore our impact

62

Impact real estate loans

29

Clean energy loans

26

Business loans

VCIB’s cumulative impact

as of December 31, 2021

117

impact loans

$617,398,000

committed to the impact economy*

*Includes VCIB and syndicate partner participation

2,315

Affordable units financed

733,525sq. ft.

financed

Including support for:

Affordable rentals and condos

Co-op housing

Transitional housing

Healthcare facilities

Co-working spaces

Arts hubs

17,582tonnes

of CO2 avoided

30,737MWh

of renewable energy generated

81,385MWh

of energy saved

Including support for:

Solar projects

Wastewater energy transfer

Energy storage

Wind

Geo-exchange

Building retrofits

11 loans

to nonprofits
and charities

15 loans

to impactful
for-profits

Including support for:

Women-owned businesses

Green
businesses

Housing organizations

Education and
arts
organizations

B Corporations and social enterprises

Faith communities

Financing the impact economy

Lending to one impactful project is great, catalyzing change across industries is better. Learn how our team is advancing innovations in impact finance.

Advancing solutions to the affordability crisis

From seeding the development of non-profit community land trusts across Canada, to advancing the use of shared equity mortgages that make home ownership more affordable, VCIB is supporting solutions to the affordability crisis across the housing spectrum.

Nonprofit Trillium Housing makes homeownership affordable for low- and middle-income families.

On the leading edge of climate finance

Our clean energy team is financing first-of-their kind projects and partnering with developers to demonstrate the viability of innovative, scalable business models that will accelerate the adoption of carbon cutting technologies.

Toronto Western Hospital will soon be home to the world’s largest wastewater energy transfer project. Photo courtesy of Toronto Western Hospital.

Partnering for change

Cross-sector partnerships are at the core of our work to finance change. From working with Indigenous communities to non-profits to all levels of government, partnerships boost our collective impact.

VCIB supported the Six Nations of the Grand River (SNGRDC) with re-financing for the 77-turbine Niagara Region Wind Farm

Certified Beneficial

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.

Change Maker

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.

Vancity Group

VCIB is a wholly owned subsidiary of Vancity Credit Union, a values-based financial co–operative. With more than 543,000 members and $28.2 billion in assets, plus assets under administration, Vancity is Canada’s largest community credit union.  

Community Grants

VCIB’s community granting programs support social, economic, and environmental change. Since 2001, we have donated more than $1.5 million to more than 100 community organizations across Canada.

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