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Central 1 reports 2024 second quarter financial results

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VANCOUVER, August 23, 2024 – Central 1 Credit Union (Central 1) today reported its second quarter performance reflecting stable results consistent with strategic plans and expectations. “Led by strong treasury performance and robust payments results, Central 1’s second quarter financial performance remained stable and in line with expectations,” said Sheila Vokey, Central 1’s President and CEO. “With our core focus...

YNCU: Serving the community beyond their member base 

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Only 13% of Canadians are considered financially literate, according to a recent study, where only one in 10 could correctly answer five basic questions on financial knowledge. Credit unions have a long history of supporting members with education and training, so the recent launch of a dedicated financial literacy hub by Kitchener, Ontario-based Your Neighbourhood Credit Union, makes perfect sense....

Kindred Credit Union – Sixty years of banking with purpose

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Sixty years ago, 22 forward-thinking members of the Waterloo community united with a bold vision: to embody mutual aid in practice. With just $22 in a cash box, Waterloo County Mennonite Credit Union was born. These humble beginnings, rooted in principles of mutual aid, economic justice and shared personal values, continue to shape and impact how Kindred Credit Union serves...

Meridian CEO Jay-Ann Gilfoy on driving innovation, collaboration and community impact

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  Momentum’s highly attended CEO panel gathers our leaders to share their respective reflections on some of the most top-of-mind challenges and opportunities for credit unions. Jay-Ann Gilfoy, Meridian Credit Union’s President and CEO will be joining this year’s panel in October. A seasoned business leader, Jay-Ann has served in many leadership positions throughout her career including roles at Vancity,...

Central 1 reports 2024 first quarter financial results

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VANCOUVER, May 30, 2024 – Central 1 Credit Union (Central 1) today reported its first quarter performance reflecting strong financial results across business lines consistent with plans and expectations. “Central 1’s financial performance for the first quarter of 2024 remained stable,” said Sheila Vokey, Central 1’s President and CEO. “As we continue to monitor market forces and trends, our internal efforts...

Central 1 supports the Credit Union System Open Banking Solution provided by Caspian One

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VANCOUVER, B.C./TORONTO, On, April 24, 2024 – Central 1 — a leading financial services provider to Canada’s credit unions and financial institutions — is working with the Large Credit Union Coalition (LCUC) to enable the Credit Union System Open Banking Solution through Caspian One.  Central 1 is supportive of this solution because it is designed specifically for the requirements of...

Central 1 announces results from 2024 Annual General Meeting

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VANCOUVER, April 23, 2024 — Central 1 Credit Union (“Central 1”) is pleased to announce the resolution set out in the 2024 Annual General Meeting & Meeting Information Notice dated March 22, 2024, for the 2024 Annual General Meeting held on April 16, 2024 (the ''Meeting''), has been approved by its members.  Class A members passed by ordinary resolution the appointment of...

Stride Credit Union: conversational banking innovation elevates member experience on Central 1’s Community

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Central 1’s Community platform serves as an innovative hub to foster collaboration among credit unions, fintechs and other financial institutions. Each month, we deploy new digital solutions while facilitating the development and implementation of custom features. Stride Credit Union recently deployed their engagement platform with Unblu, an award-winning provider of conversational banking solutions leveraging the Community platform. With over 19,000...

Beyond banking: An interview with Central 1 Treasury leader, Natalie Ebanks

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In a 2023 study by DBRS Morningstar, it was reported that 44% of leaders of credit unions and smaller financial institutions were women, a notable contrast to the 33% representation within traditional banks. These numbers not only signal progress but also inspiration demonstrating that credit unions are ahead of the curve in creating more inclusive and empowering workplaces in a...

Early-bird registration is now open for Momentum 2024! 

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Don't miss out on early-bird savings for Momentum 2024. Register on our event website to save 30 per cent off registration fees and secure your spot. When: October 28-30, 2024 Where: The Westin Harbour Castle Hotel, Toronto What to expect:   Future-focused stage discussions, led by industry experts  Two networking receptions with fellow decision-makers  Partner exhibit hall showcasing the latest innovations...