Central 1 Credit Union (Central 1) has completed a significant milestone in preparing for and delivering on Payments Canada’s Payments Modernization Program by becoming the first and only institution in the credit union system to secure a Lynx settlement account from the Bank of Canada.   Payments Canada is leading Canada’s Modernization journey, which will ultimately lead to a fast, efficient, flexible and secure payment system that will strengthen...

Toronto, ON, December 19, 2019 – Ontario’s existing home sales have rebounded significantly but a sluggishness in housing supply is leading to bidding wars which are pushing prices up across all housing types. New home construction, which dropped by almost 12 per cent in 2019, is expected to increase by 6.8 per cent in 2020 and by 6.2 per cent...

VANCOUVER, December 18, 2019 - Central 1 Credit Union (Central 1) is pleased to announce the appointment of Dinesh Garbharran as Chief Risk Officer, effective January 2, 2020.  Garbharran specializes in leading high-performing teams to deliver complex regulatory, technology, and business programs. Having worked within the financial and health sectors in Canada and South Africa, Garbharran has held senior executive roles in operations, risk management, and compliance at Scotia Bank, TD Bank, Standard Bank Group, and Discovery Holdings.    “Dinesh has a deep knowledge of enterprise and operational risk and possesses strong leadership abilities and analytical acumen to support Central 1 as we navigate the evolving financial services...

LANGLEY, B.C. – First West Credit Union today announces that a new digital banking experience is now available for its retail banking members across all its regional divisions. Following on the heels of the launch at Envision Financial in September, all three channels of the Forge Digital Banking Platform, including new mobile apps, online banking platforms and public websites were recently...

B.C. housing market in recovery; growing population, lower borrowing costs and pent-up demand to drive higher prices and sales Vancouver, B.C., November 25, 2019 – B.C.’s housing market is recovering much quicker than anticipated after the 2018 downturn, according to Central 1 deputy chief economist Bryan Yu in the latest B.C. Resale Market Housing Outlook 2019-2021. The report finds that...

    Toronto, ON, November 5, 2019­ – Ontario’s growth prospects are hampered by slowing global economic growth and persistent trade uncertainty, which will temper export activity and capital investment, according to Central 1 economists in the latest Ontario Economic Forecast for 2019-2022. The report, authored by Central 1’s Deputy Chief Economist Bryan Yu and Ontario Regional Economist Edgard Navarrete, says...

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VANCOUVER, BC (October 30, 2019) – Central 1 Credit Union (Central 1) today announced that it is undertaking a review of its operations to ensure it is best positioned to enable the long-term success of the credit union system in British Columbia (BC) and Ontario. As part of this review, Central 1 is in active discussions with the Financial Institutions...