Vancouver, B.C., February 25, 2021­ –   HIGHLIGHTS B.C.’s economy forecast to grow by 4.2 per cent in 2021 and by 4.5 per cent in 2022 before slowing to below three per cent in 2023; Stronger export and investment recovery and ongoing growth in knowledge sectors as global economic backdrop improves amid vaccine deployment; Housing demand anticipated to remain robust, lifting...

Toronto, ON and Vancouver, BC, February 23, 2021 – The Gary Gillam Award, jointly sponsored by Alterna Savings and Central 1 Credit Union (Central 1), is now open for nominations. The award recognizes and honours individuals within the British Columbia and Ontario credit union system who have reinforced co-operative values and made significant achievements in social responsibility. The nominees will...

VANCOUVER, BC, February 18, 2021 – ASAP Cheques, a leading provider of cheques to financial institutions across Canada, has completed the first release of their cheque ordering integration with Central 1, Canada’s leading digital banking and payments provider for credit unions and financial institutions.   Anticipated to debut in March 2021, the ASAP Cheques widget will enhance the digital banking experiences of financial institutions on Central 1’s Forge Digital Banking Platform by simplifying the cheque ordering process for...

Central 1 has successfully achieved compliance with a new SWIFT global mandate, beginning November 22, 2020 onwards, which stipulates that all SWIFT payments must include a final confirmation on its outcome, ensuring faster and more transparent tracing of wires for Central 1’s members and clients. “Being able to track and confirm payments in real-time is fundamental in the world of...

Vancouver, B.C., January 12, 2021 – Central 1 is pleased to announce the appointment of Bryan Yu to Chief Economist. Reporting to the Vice President of Treasury Solutions, Bryan will be leading and mentoring Central 1’s team of economists who empower credit unions with practical and unbiased forecasting, reporting and analysis. The team provides objective, expert-driven economic analysis that enables...

Vancouver, B.C., January 8, 2021 – Central 1 is pleased to announce the appointment of Kathy Parslow as Chief Corporate Services Officer, effective January 25, 2021.   Kathy’s appointment will support Central 1’s ability to achieve our strategic priorities. In this newly created role, she will take accountability for Operational Excellence and have multiple functional accountabilities including Human Resources, Information Technology, Corporate Secretary, Legal Government Affairs, and Facilities Management. She joins the Executive Leadership team at...

Michael Kerdachi has been promoted to Vice President of Treasury Solutions, leading our Treasury Operations team based in Vancouver and Toronto. Michael is responsible for overseeing a portfolio including securitization, credit union lending, deposits, IFRS 9 and economics. Since joining Central 1 in February 2020 as Head of Treasury Solutions for the Treasury Group, Michael has provided Treasury operations leadership...

Vancouver, B.C., January 5, 2021 – Central 1 Credit Union (“Central 1”) today announced the Mandatory Liquidity Pool (MLP) has been successfully transitioned from a deposit structure to an investment structure. This represents a significant change in liquidity management for Central 1 and the credit union system in B.C. and Ontario. One of Central 1’s core initiatives for 2020 was...