Vancity's annual report reveals growth in total assets and m

Vancity's annual report reveals growth in total assets and membership along with slight dip in operating revenue


Vancity's annual report reveals growth in total assets and membership along with slight dip in operating revenue
It responded quickly to the pandemic by offering mortgage deferrals and zero-percent credit-card interest to those suffering economically
by Charlie Smith on April 8th, 2021 at 10:29 AM
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Canada's largest community credit union has reported decent financial results for 2020, notwithstanding an economically crippling pandemic.
Last year, Vancity's assets jumped 7.6 percent to $24.9 billion. And its total assets, including those under administration, exceeded $30 billion for the first time in its history.
Over the same period, the credit union's total membership rose by 7,000 to reach 550,000 for the first time.

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