Banking_for_the_Underbanked_The_Pigeon_Park_Story

Banking_for_the_Underbanked_The_Pigeon_Park_Story - Banking...

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Banking for the Underbanked: The Pigeon Park Story CUCBC Fall Conference Friday, November 9, 2007 Presented by: Ellen Pekeles SVP Strategy, Vancity Credit Union
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Outline of Presentation 1. Introduction 2. Vancity and our Community Leadership Strategy 3. Pigeon Park Savings – The Story 4. Results to Date 5. Risks/ Challenges/Opportunities 6. Questions
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Vancity 381,000 members 1 in 8 in our market $13 billion in assets 57 branches
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Sharing the Wealth – Community Leadership Strategy 30% of net profits to members and the community
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Tools we use Specialized Products & Services Operations Purchasing Power Technical Expertise Advocacy Community Investments (Grants, Loans, Groans, Equity) Communications and Marketing Tools (Web, Newsletters, Campaigns) M ember Engagement Employee Engagement Community Partnership s Protecting the Environment By reducing our impact and promoting solutions to climate change Helping People Build Assets By improving access to financial services and affordable home ownership Strengthening Communities By strengthening non-profits, social enterprises and investing in targeted communities Vancity’s Accountability Framework: The systems that hold us accountable to living up to our commitments Ethical Policy Accountability Report SOVAC Our approach Where we focus H ow we stay the course The Vancity toolkit : the range of resources we have available to effect positive change in our communities
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The 4 Corners Bank – The Pigeon Park Story
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PPS - The opportunity Provide “basic” financial services to 16,000 Downtown Eastside residents 8000 residents on Income Assistance or Old Age
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  • Spring '10
  • changchungdo
  • Cheque, Vancity Credit Union, Pigeon Park, Pigeon Park Savings, Vancity trains PHS, Pigeon Park Story

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Banking_for_the_Underbanked_The_Pigeon_Park_Story - Banking...

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