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How It Works

Deposit Investors support Resilient Capital™ by making long-term Resilient Capital Term Deposits with Vancity.  These term deposits earn interest and are 100% insured*, eliminating the downside risk.  Deposit Investors benefit from a predictable, steady return over five, six or seven years depending on the deposit term chosen.

Deposit Investors do not directly participate or have an economic interest in the potential gains or losses in the underlying investments or loans to be made by Vancity under Resilient Capital to qualified social enterprises and blended value businesses.  Just like any other Vancity term deposit, Deposit Investors will be entitled to a fixed rate of interest prescribed for their term deposit and a return of their principal on maturity.  Based on the support of the Deposit Investors, the founding partners, Vancity and Vancouver Foundation, have created a first-loss reserve in support of the investments to be made under Resilient Capital. The risk of these investments and loans beyond this reserve will be borne by Vancity.

Vancity intends to make a variety of investments in social enterprises and blended value businesses through Resilient Capital, ranging from loans to equity investments.  The program focuses on three key objectives:

“Buying into Resilient Capital was a perfect fit for us. It was actually one of the easier impact investment decisions we’ve ever made. With a guaranteed return at market rates, we simply switched over a term deposit and now we know that it is part of a program where money will be directly invested in opportunities that achieve impacts consistent with our approach to granting. And the income we earn still allows us to make grants and provide program support at the same level as before.”

Derek Gent, Executive Director, Vancity Community Foundation

* Deposit insurance is provided by the Credit Union Deposit Insurance Corporation