Vancity reports record $41 billion in assets and commits $21 million to members and communities at 80th AGM

Vancity used its 80th Annual General Meeting on May 4 to report record results, including $41 billion in assets and assets under administration, $69.9 million in net income, and$21 million going back to members and communities through Shared Success.  

Why it matters: At the AGM, Vancity framed those results as evidence that its co-operative model continues to deliver for members while funding community impact across the region. The meeting also put Vancity’s member-owned structure on display, with democratic voting, a business member marketplace and participation from members attending in person and online.  

What leaders said:  

Rita Parikh, chair of the board of Vancity: "Eighty years ago, a group of members came together with a simple but radical idea: that a financial institution could be built around people, not profit. Every milestone we celebrate today is a testament to that founding belief and a reminder that our most meaningful work is still ahead of us.”

Wellington Holbrook, President and Chief Executive Officer, Vancity: "What a difference a year makes. In a year where the economy presented its fair share of challenges, we leaned into what we do best by putting our members at the centre and proving that it is entirely possible to thrive as a values-based financial institution. These results belong to our members, our team, and our communities. We are investing ambitiously to ensure Vancity is the financial institution you want to bank with for the next 80 years."  

What stood out: The event also welcomed notable guests, including Dr. David Suzuki, Vancouver Deputy Mayor Sarah Kirby-Yung, and Elders Mary Point, Deborah Baker and Carol Thomas.  

Notable moment: The City of Vancouver officially declared May 4, 2026, as Vancity Day in recognition of the organization’s 80 years of community impact.

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