Vancity lists properties as credit union closures outpace banks

Sale-leaseback model promise responsiveness to member needs

These include two sites in Vancouver at 3395 West Broadway and 3305 Kingsway, and one in Victoria at 3075 Douglas Street.

Vancity says it is focused on leaseback opportunities, or relocating to new sites within the same neighbourhoods. Online banking has pushed scores of retail bank branches offline over the past decade, though branch numbers stayed largely steady during the pandemic. Questions about the dispositions were also raised at the credit union’s annual general meeting on May 8.

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