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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...

Distinguished Service Awards presented by Credit Union Foundation of BC

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VANCOUVER – Central 1 Credit Union (Central 1), on behalf of the Credit Union Foundation of BC, is pleased to congratulate Emmet McGrath, Board Director of Westminster Savings, and Jeremy Trigg, Director of Facility and Environmental Management at Vancity, as recipients of the 2019 Distinguished Service Awards. The bi-annual awards recognize individuals who have made significant contributions to credit unions...

Central 1 Announces Voting Results from Annual General and Special Meeting

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VANCOUVER — Central 1 Credit Union (“Central 1”) is pleased to announce that its members have passed a special resolution approving amendments to its Constitutions and Rules (“Rules”), three dues resolutions and a resolution re-appointing its auditors, at its Annual General and Special Meeting held on April 25, 2019 (the “Meeting"). In order to be approved, the special resolution was required...

Announcing the 2019 Gary Gillam Award Recipient

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VANCOUVER, BC – Alterna Savings and Central 1 Credit Union (Central 1) are pleased to announce Liz Arkinstall, Corporate Social Responsibility Manager, Libro Credit Union, as the recipient of the 2019 Gary Gillam Award. Jointly sponsored by Alterna Savings and Central 1, the Gary Gillam Award for corporate social responsibility is presented annually to an individual who promotes credit unions...

Central 1 Annual Report available now

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The interactive Central 1 2018 Annual Report is now available online! 2018 was a year bursting at the seams with stories of innovation, living our values and making our Canadian credit union system stronger and more streamlined. We celebrated innovation with the launch of Canada’s first authenticated voice banking with Amazon’s Alexa and with payroll integrated into day-to-day banking for...

Central 1 to transition Credit Union Advantage Insurance Brokerage to The Co-operators

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Central 1 Credit Union and The Co-operators are pleased to announce that they have reached an agreement to transfer the ownership of Credit Union Advantage Insurance Brokerage Ltd. (CUAIB) to The Co-operators. Concurrent with this, CUMIS, a fully owned subsidiary of The Co-operators, will become the insurer for coverages currently underwritten by CUPP Services Ltd. (CUPP) upon expiry of the current...

Ontario’s economy to slow for the next three years, according to Economic Outlook 2019 to 2021

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Ontario Economic Outlook 2019 – 2021 The report provides a deep dive into current economic trends; predicts economic slowdown largely attributed to external factors ONTARIO, CANADA, March 21, 2019 - Ontario’s economy will face slower economic growth for the next three years due to domestic and external factors, according to the latest Central 1 Credit Union (Central 1) forecast. Central...

Central 1 Delivers First-in-Canada combined Request Money and Small Business Invoicing using Interac e-Transfer®

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Small business owners can now send an invoice and request quick payment via Interac e-Transfer! VANCOUVER, B.C. – Central 1 today announces the launch of Request Money integration into Central 1’s small business online invoicing and payments product. The integrated solution combines Central 1’s small business online invoicing service with Request Money into a single digital platform using Interac e-Transfer® Request...

Happy International Women’s Day 2019!

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As an organization that supports credit unions as values-based financial institutions, it’s only natural that we support International Women’s Day. Not as a demonstration of social responsibility, but because it’s inherent in our nature. The journey towards inclusion is a long-embedded part of the credit union identity. After all, credit unions were the first financial institutions in Canada to offer...

Central 1 Announces Elected and Appointed Members to its Board

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VANCOUVER, BC — Central 1 Credit Union (Central 1) is pleased to announce the re-election of Bill Kiss and the election of Mary Falconer and Cheryl Wallace to Central 1’s Board of Directors (Board). In addition, Meridian Credit Union Limited has elected to appoint Sunny Sodhi to Central 1’s Board. Each director will serve a three year term commencing at...