Financial Results

Central 1 reports fourth quarter and fiscal 2024 financial results

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VANCOUVER, British Columbia, March 12, 2025 -- Central 1 Credit Union (Central 1) today reported its 2024 fourth quarter and year-end performance reflecting strong financial results, including total revenue of $302.9 million for the year, a notable increase compared to last year. “We achieved strong financial results in 2024, despite economic challenges and our difficult decision to wind down our...

Central 1 reports 2024 third quarter financial results

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VANCOUVER, November 21, 2024 – Central 1 Credit Union (Central 1) today reported third quarter performance reflecting steady financial results across business lines, consistent with plans and expectations. “Our stable third quarter results were in line with our expectations,” said Sheila Vokey, Central 1’s President & CEO. “Central 1 continues to grow its critical payments, treasury and clearing and settlement...

Central 1 reports 2024 second quarter financial results

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VANCOUVER, August 23, 2024 – Central 1 Credit Union (Central 1) today reported its second quarter performance reflecting stable results consistent with strategic plans and expectations. “Led by strong treasury performance and robust payments results, Central 1’s second quarter financial performance remained stable and in line with expectations,” said Sheila Vokey, Central 1’s President and CEO. “With our core focus...

Central 1 reports 2024 first quarter financial results

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VANCOUVER, May 30, 2024 – Central 1 Credit Union (Central 1) today reported its first quarter performance reflecting strong financial results across business lines consistent with plans and expectations. “Central 1’s financial performance for the first quarter of 2024 remained stable,” said Sheila Vokey, Central 1’s President and CEO. “As we continue to monitor market forces and trends, our internal efforts...

Central 1 reports 2023 financial results

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VANCOUVER, B.C., MARCH 21, 2024 – Central 1 Credit Union (“Central 1” or the “organization”) reported a consolidated net income of $25.4 million for the year ended December 31, 2023, compared to a net loss of $69.6 million in 2022.  2023 consolidated results compared to 2022:  Net income of $25.4 million, compared to a net loss of $69.6 million in 2022. ...