Jump to content

      













Photo

[Saanich] Paragon office building | 1590 Cedar Hill X Road | 3-storeys | Built - completed in 2012


  • Please log in to reply
88 replies to this topic

#81 rjag

rjag
  • Member
  • 4,614 posts
  • LocationSi vis pacem para bellum

Posted 04 May 2013 - 06:41 AM

No love for Van City. As a supplier of services to the Teachers Credit Union as well as Greater Victoria Savings for more than 20+ years when they were bought over, Van City cancelled local contracts and gave them to their Vancouver suppliers without even the opportunity of a local company bidding.

#82 VicHockeyFan

VicHockeyFan
  • Suspended User
  • 52,121 posts

Posted 04 May 2013 - 08:07 AM

No love for Van City. As a supplier of services to the Teachers Credit Union as well as Greater Victoria Savings for more than 20+ years when they were bought over, Van City cancelled local contracts and gave them to their Vancouver suppliers without even the opportunity of a local company bidding.


Well, wouldn't they want all their important stuff stored at the same place? Maybe destruction could have stayed local.
<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#83 G-Man

G-Man

    Senior Case Officer

  • Moderator
  • 12,471 posts

Posted 04 May 2013 - 08:25 PM

People use Toronto Dominion and Bank of Montreal. At least Vancity is from BC.

Visit my blog at: https://www.sidewalkingvictoria.com 

 

It has a whole new look!

 


#84 VicHockeyFan

VicHockeyFan
  • Suspended User
  • 52,121 posts

Posted 04 May 2013 - 09:00 PM

People use Toronto Dominion and Bank of Montreal. At least Vancity is from BC.


I don't think the perception is the same.

TD and BOM are in every part of the country (except Quebec?). I think that many Victorians would think that it would be as strange for them to use VanCity as it would be for them to use an Alberta bank.

Three or four years ago, VanCity only had 5,500 customers here, not sure how much they have grown that.

Island Savings has 50k+ customers (Island-wide).
<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#85 AllseeingEye

AllseeingEye

    AllSeeingEye

  • Member
  • 3,583 posts
  • LocationGorge

Posted 04 May 2013 - 09:47 PM

VanCity's "play" here has nothing to do with Island Savings but rather is aimed squarely at Coast Capital Savings - it is no coincidence this office is located directly across from the existing CCS Shelbourne branch. I worked for CCS for almost 5 years and although credit unions on the one hand work jointly to change current federal regs aimed at preventing them from expanding beyond provincial borders, there is nevertheless a natural competitiveness between the two largest Canadian credit unions i.e. VanCity and CCS. V-C is still slightly larger from a revenue standpoint however I believe CCS is now bigger from a membership standpoint. And I'm not convinced Victorians would really care one way or the other re: branding - VC, CCS...both are lower mainland-based (remember CCS is HQ'ed in Surrey). When I was at CCS we got huge leverage out of no fee checking accounts viz the established banks and other CU's; at the end of the day consumers will ultimately choose whichever institution provides them with the best value, real or perceived.

#86 VicHockeyFan

VicHockeyFan
  • Suspended User
  • 52,121 posts

Posted 04 May 2013 - 10:05 PM

V-C is still slightly larger from a revenue standpoint however I believe CCS is now bigger from a membership standpoint.


Correct.

And I'm not convinced Victorians would really care one way or the other re: branding - VC, CCS...both are lower mainland-based (remember CCS is HQ'ed in Surrey). When I was at CCS we got huge leverage out of no fee checking accounts viz the established banks and other CU's; at the end of the day consumers will ultimately choose whichever institution provides them with the best value, real or perceived.


I think you underestimate momentum. People around here still consider Thrifty Foods local, and they will for many, many, many years - even though they know they were bought out six years ago. Same happened with Payless Gas (bought by Shell).

I think Victorians still perceive CCS as the local good guys.
<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#87 Bingo

Bingo
  • Member
  • 16,666 posts

Posted 05 May 2013 - 01:57 PM

VanCity is closing its branch on Scott Street near Hillside, and is moving to the new Cedar Hill X Road location.

#88 Bingo

Bingo
  • Member
  • 16,666 posts

Posted 27 May 2013 - 02:45 PM

Opening May 28th.



#89 gkz

gkz
  • Member
  • 91 posts

Posted 12 July 2013 - 03:13 PM

Part of the top floor has finally been leased. The middle floor is still for lease.

 



0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users


To advertise on VibrantVictoria, call us at 250-884-0589.