Vancity Waives Wire Transfer Fees to Ukraine, Dedicates Funding Support for Humanitarian Aid

City of Vancouver Credit Union

MUSQUEAM, SQUAMISH AND TSLEIL-WAUTUTH/VANCOUVER NATION TERRITORIES, British Columbia, Feb. 10, 2022 (GLOBE NEWSWIRE) — Vancity today announced it is temporarily waiving wire transfer fees for sending money to Ukraine. There are over a million Canadians who identify as Ukrainian, and many more with strong personal ties who care deeply and want to help. Vancity members will be able to send money to friends or family members in Ukraine free of charge.

In addition to waiving wire transfer fees, Vancity is supporting by donating a total of $50,000 to Humanitarian Appeal for Ukraine and local Ukrainian organizations here in Canada. Half of the funds donated will be used for immediate humanitarian assistance, including assistance to displaced people, medical care, emergency shelter and food security for the Ukrainian people. As the situation evolves, Vancity is calling on local partners to allocate the remaining $25,000 to support Ukrainians.

“Vancity stands with the people of Ukraine,” said Vancity Group President and CEO Christine Bergeron. “Russia’s unprovoked military invasion of Ukraine is an attack on the values ​​of a free and democratic world, values ​​that are at the heart of cooperatives. We all have a role to play in supporting the people of Ukraine, and the measures we are announcing today are one small gesture that Vancity can do to offer our support. I encourage those in a position to do so to donate to the Ukraine Humanitarian Appeal.

Members and the public can donate directly to the Ukraine Humanitarian Appeal through the Canada Ukraine Foundation: https://www.cufoundation.ca/cuf-ucc-ukraine-humanitarian-relief/.

About Vancity

Vancity is a values-based financial cooperative serving the needs of its more than 550,000 member-owners and their communities, with offices and 55 branches located in Metro Vancouver, the Fraser Valley, Victoria, Squamish and Alert Bay, Coast Salish and Kwakwaka’wakw territories. With $30.5 billion in assets and assets under administration, Vancity is Canada’s largest community credit union. Vancity uses its assets to help improve the financial well-being of its members while helping to develop healthy communities that are socially, economically and environmentally sustainable.

For more information, please visit vancity.com

Media contact:

Nora Eastwood

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