SOURCE: Vancity Credit Union

Vancity Credit Union

July 27, 2017 11:30 ET

Vancity provides funding boost to local food projects

enviroFund™ distributes nearly $4 million over five years

COAST SALISH TERRITORY/VANCOUVER, BC--(Marketwired - July 27, 2017) - Vancity is supporting more than a dozen local food projects through its enviroFund program with $220,000 in funding announced today. Grants between $15,000 and $20,000 are being distributed to non-profit organizations working on projects that directly benefit local communities.

The program is funded by Vancity enviro Visa cardholders, who give back to their communities just by using their credit card for daily transactions. Five per cent of Vancity enviro Visa profits support the enviroFund program, and this year local projects are receiving a total of $758,000.

The enviroFund program has been focused on supporting the development of a sustainable local food system for the past five years, distributing $3.9 million through 119 grants. This year's grants provide funding to projects that grow local food production, expand local food procurement, increase the capacity and efficiency of local food systems, and ensure local businesses and producers are operating in an environmentally sustainable manner.

Projects receiving grants this year:

Organizations interested in participating in the enviroFund program should check the Vancity website in January 2018 for details on how to apply.

Quote
"We believe a strong, sustainable local food system is a crucial part of a healthy community. Vancity is committed to supporting sustainable business development, and helping non-profits invest in technology and develop innovative ways to improve our food supply and well-being."
- Moira Teevan, Vancity community investment portfolio manager

Additional information
enviroFund program

About Vancity
Vancity is a values-based financial co-operative serving the needs of its more than 523,000 member-owners and their communities in the Coast Salish and Kwakwaka'wakw territories, with 59 branches in Metro Vancouver, the Fraser Valley, Victoria, Squamish and Alert Bay. With $25.6 billion in assets plus 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 at the same time helping to develop healthy communities that are socially, economically and environmentally sustainable.

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