[Saanich] Paragon office building | 1590 Cedar Hill X Road | 3-storeys | Built - completed in 2012
Posted 04 May 2013 - 06:41 AM
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.
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).
Posted 04 May 2013 - 09:47 PM
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.
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.
Posted 05 May 2013 - 01:57 PM
Posted 12 July 2013 - 03:13 PM
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