GMS 200 Lecture Notes - Lecture 4: Vancity, Financial Institution, Life Insurance

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborah De Lange

Document Summary

Vancity has many competitive advantages over the other types of financial institution. Vancity is the first canadian institution to offer mortgages to women, joining the global alliance for banking and to serve bisexuals, this gives them competitive advantage over the others because it was the first canadian institution to do so. Secondly, vancity has a blooming financial position with growing members. Vancity did more to support their members in different ways that created lasting improvement of their members. Lastly, vancity impacted the community by using their strength by giving loans and investments to members which in a result improves lives of the people and help the environment. One great feature of vancity is that it has many programs to lead them to success. Vancity"s focus on community differentiates them from other financial institutions. Vancity gives there employees freedom to work at home, vancity knows their members by making local decisions.