Central 1 Blog

01 Nov 2023

Money made better: Libro Credit Union’s journey of purpose-driven banking

One of the main commitments credit unions work toward is to grow prosperity of their member-owners and support businesses to create a thriving economy in their communities. The principle of "purpose beyond profit" isn't just talk – it's a standard practice for credit unions. Libro Credit Union is one of Central 1’s member credit unions and the largest credit union in southwestern Ontario. With International...
25 Oct 2023

Navigating uncertainty: a look at the economic forecast for credit unions

It is no surprise to many credit unions leaders to say that 2023’s operating environment has been uncertain. The year has presented its share of challenges. Key performance indicators, such as operating surplus, have hit historic lows in some regions, but there's potential for improvement on the horizon. Ahead of our Momentum 2023 Summit, Bryan Yu, Chief Economist, Central 1, discussed the pressing economic challenges...
23 Oct 2023

Our always-on commitment to cyber security: How one security measure can make a big impact

October is Cyber Security Awareness Month in Canada. For Central 1, cyber security is something we think about and work on all year round, but since it’s such a special month, we wanted to share more about how one of our major security measures not only safeguard our clients and members, but their clients and members too! The success of 2-Step verification Two-Step Verification (2SV)...
18 Oct 2023

Embracing greater challenges and opportunities for small business

Small Business Week is here! Did you know that small and medium-sized businesses (SMEs) play a significant role in Canada's economy, contributing 52% to the country's gross domestic product (GDP)? Additionally, 9 out of every 10 Canadians working in the private sector are employed by SMEs, along with 726,000 entrepreneurs1. Over the past few years, largely driven by impacts of the COVID-19 pandemic, new opportunities...

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