Vancity announced March 6 that it posted $93 million in 2012 earnings on $423 million in revenue. That compares with a $131 million profit on $411.4 million in revenue in 2011.
Its assets under management rose by 6.2% to $17.1 billion.
"Our results demonstrate that our business model of member-led innovation is working and resonating with our members, both long-time and new," said Vancity CEO Tamara Vrooman.
Vrooman added that, in 2012, her credit union spent $36.4 million on technology improvements.
Vancity annually distributes 30% of its profit to members and community organizations, through dividends, patronage, grants and rebates. For example, $17.2 million will be returned to members and community groups this year.
Vancity's results come one day after B.C.'s second-largest credit union, Coast Capital Savings, similarly released record earnings.
