Vancity is one of Canada’s largest credit unions, with $17.1 billion in assets, more than 492,000 members and 57 branches throughout Metro read more
I have found it extremely difficult to move up in the organization. Merit and performance (and education) don't get you far. Nepotism is the worst of any firm I've worked. Family of management are often promoted when they are clearly not the best performers. They do not practice what they preach
What is the best part about your compensation package?
Good pay within the industry and good benefits. Great pension plan as well.
What are some of the best things about your team?
Vancity does seem to attract good people. Great comradery among co-workers but experience with management is a different story.
What makes you most happy at work?
Helping members achieve their financial goals is rewarding. Many do not have a high degree of financial literacy so it feels good to converse with them (and give advice) and connect them with a specialist. Knowing that this will greatly benefit them over time is rewarding.
What does the leadership team need to get better at?
Stop virtue signaling on political issues and focus more on operational efficiencies. Issues are glaring and never seem to be fixed. This upsets members and employees feel the heat. Upper management is so detached from operations. They project caring about employees but their actions don't align.
What would you improve about your company's interview process?
They should ask less behavioral questions and focus more on performance. Also, you get feedback after unsuccessful interviews but it feels like they give you false feedback to let you down easy rather than levelling with you and helping you get to where you want to go.
What is most positive about the culture and environment at your company?
Staff tend to be empathetic and treat each other and members well. However, it is an extreme case of groupthink and if you have a different point of view on anything it does not feel AT ALL comfortable to ever let your thoughts be known. The good pay and benefits increase morale.
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