BVCU Hub FAQ
About BVCU Gold
Unfortunately, no. Organizationally, we are not set up to be able to provide this service; however, this service would likely go hand in hand with selling gold or silver to members, if pursued in the future.
The intention is for the gold to work just like an insurance policy and to only use it, when necessary, for example, in the unlikely situation of a liquidity or capital event.
About BVCU & Becoming a Member
- Acheson
- Banff
- Canmore
- Cochrane
- Cooper's Town (Airdrie)
- Kiingsview (Airdrie)
- Sage Hill (Calgary)
- Lake Bonavista (Calgary)
Our branches work together to ensure our members-first vision of banking.
If you’re a resident of Alberta and would like to open a personal account, you can join today through our online application process for personal members! To become a member, a $25 Common Share requirement is needed plus an additional deposit to open your account; you are now a member! A Member Card would be mailed directly to you, with a pin a few days later. You are now set up to use online banking and do day-to-day transactions; between online, mobile, and connecting directly with the branch, there's not much you can't do from anywhere at any time! Your Member Card can be used at any Canadian credit union ATM for free.
Unfortunately, we aren't currently capable of opening business accounts online (coming soon!); however, we can assist you remotely.
This process can be started by gathering information through email directly with a branch. There may be a requirement for you to attend the branch.
If you would prefer to open your account in branch and for Business members, you will need to select a branch to assist you.
BVCU's Stance
To summarize, our main investment is loans to members, including residential mortgages, consumer loans, and commercial loans.
BVCU does a significant amount of real estate lending, through both residential mortgage lending and commercial lending around real estate development and construction. Additionally, we invest funds into term deposits with Credit Union Central of Alberta. With respect to Physical precious metals, their value is held off-balance sheet because we are only able to recognize the "face value" of our precious metals.