Vancity’s third quarter results show sustained strength, transformation gaining momentum

TERRITORIES OF MUSQUEAM, SQUAMISH AND TSLEIL-WAUTUTH NATIONS and VANCOUVER, British Columbia, Nov. 03, 2025 (GLOBE NEWSWIRE) — Vancity is reporting continued strong performance at the end of the third quarter that ended on September 30, 2025, highlighting sustained growth for the credit union this year. These results demonstrate the growing success of its transformational strategy focused on deepening community impact and prioritizing the experience of its members.

Core revenues jumped to $486.8 million year-to-date, with the third quarter reporting $179.3 million – reflecting continued growth on the second quarter, which reported $157.6 million. Income before tax and distributions reached $83.7 million in the first 9 months, including $37.1 million from the third quarter, illustrating a continued climb from the $25.1 million that was reported in the second quarter of this year. Member deposits grew to $115.3 million on the year, showing continued confidence from members despite a competitive market. A big story is that net lending growth surged to $772.2 million year-to-date—up from $45.1 million at this time last year—reflecting strong demand for Vancity’s values–driven lending across its retail and business portfolios.

“These results show that our transformation is working,” said Wellington Holbrook, President and CEO of Vancity. “We’re strengthening our financial foundation while working to deliver exceptional member experiences. More importantly, our improved financial performance fuels our ability to drive more impact by investing more in areas like climate action, affordable housing and local economies.”

Vancity continues to make strides in supporting people and communities across its trade areas, including by expanding fair and equitable access to financial services. In the third quarter alone, Vancity welcomed more than 500 newcomers as Vancity members, extending access to the financial services and supports people need to build a life in their new home. And, in the third quarter of this year, Vancity provided 64 loans through its Foreign Credential Recognition Program, helping internationally trained professionals—doctors, pharmacists, dentists, nurses, accountants, and more—apply their skills and contribute to a more diverse Canadian economy. During the first three quarters of 2025, this program supported almost 200 people to retrain or update their skills, providing over $1.18 million in cumulative financing.

At a time when other organizations are retreating from their climate commitments—even as climate impacts grow more severe—climate action remains a core value for Vancity. Central to this is the credit union’s commitment to become net-zero across all its mortgages and loans by 2040, and supporting members to reduce their emissions is essential to that goal. So far in 2025, Vancity has engaged in over 10,000 climate conversations—meaningful interactions to support members in reducing emissions from their homes, buildings, and businesses. As a result, Vancity’s Planet-Wise lending suite is showing strong growth: Planet-Wise renovation lending rose to more than 45 loans, representing over $5.5 million in financing and a more than 275% increase from this time last year. And through its Non-Profit Housing Retrofit program, Vancity is providing funding for deep energy retrofit projects with community partners—including the Westerdale Housing Co-operative and Hiy̓ám̓ ta Sḵwx̱wú7mesh Housing Society—to tackle the intertwined housing and climate crisis.

Vancity also continued to prioritize connecting with community throughout this year’s third quarter. Vancity was the title sponsor for Car Free Days in Vancouver this summer, a festival that attracted over 440,000 attendees this year. And, to further its commitment to inclusion and community, over 100 Vancity employees volunteered to support Pride festivals in Victoria and Vancouver. Local branches also participated in community events across Vancouver Island and the lower mainland, including the Barnside Harvest Festival in Ladner, Delta’s Day at the Farm, and more.

Vancity’s transformation is forging ahead with major milestones to advance the member experience on the horizon. In the coming months, Vancity will launch a new digital banking experience—an easier and more modern experience with better features to serve members—and will continue to build affordable and accessible product options for people across the communities it serves, with more to come.

About Vancity

Vancity is a values-based financial co-operative serving the needs of its 570,000 member-owners and their communities, with offices and more than 50 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 $36 in assets plus assets under administration, Vancity is one of Canada’s largest credit unions. 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.

Media Relations | Vancity

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Forward-Looking Statements 

This news release contains forward-looking statements that reflect Vancity’s current expectations regarding future events, performance, and results. Those statements are based on assumptions, estimates, and projections that management considers reasonable in light of historical trends, current conditions, and expected future developments. However, forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Vancity’s control, including but not limited to changes in economic and geopolitical conditions, interest rates, regulatory requirements, and competitive factors. Actual results may differ from those expressed or implied in these statements. Vancity does not undertake any obligation to update or revise forward-looking statements, except as required by applicable laws. Readers are cautioned not to place undue reliance on these forward-looking statements.