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Making sense of SOC 2 — everything you need to know

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In today’s digital financial landscape, you expect more than innovative products — you expect trust. And trust isn’t built on great service alone; it’s earned through transparency, accountability and proven security. That’s where SOC 2 comes in. SOC 2, short for System and Organization Controls 2, is a rigorous, voluntary framework developed by the American Institute of Certified Public Accountants...

Central 1 Announces Voting Results from 2025 Virtual Annual General and Special Meeting

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VANCOUVER, July 7, 2025 — Central 1 Credit Union (“Central 1”) is pleased to announce the voting results from its 2025 virtual Annual General and Special Meeting (“AGM”) held on June 26, 2025. Class “A” Members passed two special resolutions approving amendments to Central 1’s Constitution and Rules (“Rules”) relating to a change in Board composition and the elimination of...

Central 1 reports first quarter 2025 financial results

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VANCOUVER, May 29, 2025 – Central 1 Credit Union (Central 1) today reported its 2025 first quarter performance reflecting continued strength in its core fee-based revenue streams and a one-time provision associated with the transfer of its Digital Banking business. “This quarter, we finalized activities to support the transition of the digital banking side of our business, including the transfer...

The ultimate in payments utility: Reliable connections where & how you want them

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Central 1 now live with six APIs for payments and banking host integration Our clients — like you — are financial services providers, who every day make thoughtful choices about how best to engage customers or members with tailored solutions to meet their needs. Central 1 gets the work done in the background for you by processing payments transactions and...

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...