Financial Results

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Central 1 Reports Fourth Quarter and 2021 Results

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VANCOUVER, B.C., February 24, 2022 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit from continuing operations of $45.4 million for the year ended December 31, 2021, an increase of $19.1 million in profit from continuing operations compared to 2020. In 2021, Central 1 continued to focus on exploring innovation and opportunities for the growth and evolution of...

Central 1 reports 2021 second quarter financial results

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VANCOUVER, B.C., August 20, 2021 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported an increase in profit of $25.6 million for the first half of 2021, compared to the same period last year. For the second quarter (Q2) ended June 30, 2021, profit after tax was $3.5 million compared to a profit of $39.9 million in the...

Central 1 reports 2021 first quarter financial results

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VANCOUVER, B.C., May 28, 2021 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit after tax of $24.7 million for the first quarter (Q1) ended March 31, 2021, compared to a loss of $37.3 million in the same period in 2020. In the first quarter of 2021, Central 1 reported strong results driven by the organization’s...

Central 1 reports 2020 third quarter financial results 

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VANCOUVER, B.C., November 26, 2020 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit after tax of $25.6 million for the third quarter (Q3) ended September 30, 2020, compared to a profit after tax of $5.7 million in the same period in 2019. During the quarter, Central 1 continued to help its members and clients navigate...

Central 1 reports 2020 first quarter financial results

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VANCOUVER, B.C., May 22, 2020 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a loss after tax of $67.0 million for the first quarter (Q1) ended March 31, 2020, compared to a profit after tax of $25.1 million in 2019. Central 1’s Q1 financial performance has been adversely affected by the monetary actions taken by central banks...

Central 1 continues to power progress and reports 2019 financial results

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VANCOUVER, B.C., February 21, 2020­ – Central 1 Credit Union (Central 1) reported profit after tax of $34.2 million for the year ended December 31, 2019, up $31.8 million from 2018 excluding one-time gains of $82.9 million in 2018. Profit before tax was $33.3 milion in 2019, up $28.4 million from 2018 excluding the one-time gains. Results reflect strong earnings growth...

Strong Treasury Earnings in the Second Quarter of 2019 Furthering Strategic Investments

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VANCOUVER, B.C., Aug 23, 2019 –  Central 1 Credit Union (Central 1) today announced its second quarter 2019 financial results. Financial income more than doubles to $28.7 million, up $15.7 million compared to the same period last year, driven by strong Treasury performance. Higher earnings support the significant investments in strategic initiatives that continued throughout the second quarter of 2019....

Central 1’s First Quarter 2019 Delivers Higher Financial Income

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VANCOUVER, B.C. – Central 1 Credit Union (Central 1) today announced its first quarter 2019 financial results, which saw higher financial income (up $23 million over 2018) and continued investments in strategic initiatives. “Our number one priority is to enable our clients’ success through the products and services we provide,” said Mark Blucher, President and CEO of Central 1. “Our...

Strong profit and focused strategic investment feature in Central 1’s 2018 financial results

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VANCOUVER, B.C. – Central 1 Credit Union (Central 1) today announced its fourth quarter and 2018 results, featuring robust profit and increased investment in strategic initiatives to deliver the solutions required for the future of the credit union system in Canada. “We’re investing in strategic initiatives to support credit unions as they meet the expanding expectations of Canadians for financial services...