Vancity Members Elect Three Directors to Join the Board of Canada's Largest Credit Union

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 4, 2012) - The results of the 2012 Vancity Board of Directors election have been compiled and Vancity is pleased to announce that Jan O'Brien, Teresa Conway and Greg McDade have been elected to a three-year term as Directors. The new and returning Directors will bring their expertise and values to help guide the credit union in making positive financial, social and environmental impacts in the communities where Vancity members live and work.

"We're really grateful to the 13 Vancity members who put their names forward as candidates for the board of Canada's largest credit union," says Virginia Weiler, Chair of the Board of Directors. "And we send a big thank you to all of our members who exercised their right to choose directors that will help guide how we continue to build our members' wealth and create sustainable communities."

The election took place April 3 to 27, 2012. Vancity members voted to fill three Director positions for a three-year term.

This year, Vancity received 18,286 ballots. The following three candidates received the highest total votes cast:

• Jan O'Brien, a member of Vancity for 35 years, and current Vice-Chair, received 9,189 votes.
• Teresa Conway, a member for more than 20 years, received 9,045 votes and is a first-time Vancity board member.
• Greg McDade, a 20+ year member, and a former Chair of Vancity, received 6,940 votes.

The following is a list of the candidates and votes cast. Five candidates were recommended by the Nominations and Election Committee (which is made up of four members-at-large and two sitting Directors) and accepted by the Board. Candidates were evaluated for the skills and attributes they could bring to the Board of Directors.

"The Nominations and Elections Committee interviewed an experienced selection of candidates who campaigned this year for a position on our Board of Directors. The Board is responsible for setting the strategic direction and providing oversight of our credit union and we're grateful to our members for their continued support in selecting those candidates they believe can help influence the way Vancity serves our members and the communities where we all live and work," says Allen Garr, Chair of the Nominations and Election Committee.

About Vancity

At Vancity we make you good money by putting money to good. Vancity's vision of redefining wealth incorporates personal and community well-being. Vancity has distributed $221 million to members through dividends and to communities through grants and community investment initiatives since 1994. We are a member of the Global Alliance for Banking on Values-a network of the world's leading sustainable banks sharing the commitment to achieving triple-bottom-line impact through responsible banking practices. A Living Wage employer, Vancity is Canada's largest community credit union, with $16.1 billion in assets, more than 479,500 members and 59 branches throughout Metro Vancouver, the Fraser Valley, Victoria and Squamish.

To view photos of the Jan O'Brien, Teresa Conway and Greg McDade, please visit the following link: http://media3.marketwire.com/docs/van504i.pdf.