In the News

Central 1 shortlisted for 2019 Excellence in Governance Awards

VANCOUVER, BC, (September 23, 2019) – Central 1, a provider of financial, digital banking and payment products and services, has been shortlisted for the Best Overall Corporate Governance Award at the 2019 Excellence in Governance Awards. The awards were created by the Governance Professionals of Canada (GPC). GPC’s mandate is to be the voice of governance professionals in Canada. GPC...

Central 1 goes global with new ‘International Transfers’ product, simplifying cross-border transactions for Canadians

A leading digital solution, International Transfers enables Canadians to easily, seamlessly move money cross border, 24/7 through their credit union VANCOUVER, BC, September 11, 2019 – Central 1 today announced the nationwide launch of its newest product, ‘International Transfers’—a made-in-Canada solution for Central 1 clients that gives Canada’s credit union members the ability to move money cross-border any day, at...

Central 1 Announces the Winners of the Inaugural 2019 AmpliFI Awards

Recognizing technology leadership in Canada’s small and medium-sized financial institutions VANCOUVER, B.C., September 10, 2019 – Central 1 Credit Union (Central 1) announced the winners of its first annual AmpliFI Awards at its Momentum 2019 conference. The Awards recognize and celebrate the exceptional work and results by financial institutions across Canada in an increasingly competitive market. The 2019 AmpliFI Awards...

Strong Treasury Earnings in the Second Quarter of 2019 Furthering Strategic Investments

VANCOUVER, B.C., Aug 23, 2019 –  Central 1 Credit Union (Central 1) today announced its second quarter 2019 financial results. Financial income more than doubles to $28.7 million, up $15.7 million compared to the same period last year, driven by strong Treasury performance. Higher earnings support the significant investments in strategic initiatives that continued throughout the second quarter of 2019....

Central 1 report finds B.C. economy affected by fragile global economy

B.C. Economic Outlook 2019 – 2022 BRITISH COLUMBIA, August 15, 2019 - B.C.’s economy proves it is not immune to the fragile state of the global economy as it suffers the flow-on effects of weakening trade, growth expectations and investment, according to Central 1’s latest B.C. Economic Outlook. Central 1 Deputy Chief Economist, Bryan Yu, said that external global trade...

Central 1 debuts solution set to transform how your members move money internationally

B.C.’s Sunshine Coast Credit Union will be the first credit union to offer the innovative solution integrated into their online banking system that will enable members to move money globally quickly, cheaply and conveniently. VANCOUVER, B.C., August 7, 2019 - Central 1 today announced the launch of the new product ‘International Transfers’ which enables credit union members to move money...

Central 1 Launches Full Suite of Digital Products Transforming Digital Offering

Using Central 1’s Forge Digital Banking Platform, credit unions and other financial institutions can offer Canadians leading digital experiences in today's fast-evolving fintech landscape VANCOUVER, BC, August 1, 2019 – Central 1 Credit Union is pleased to announce the launch of its full retail suite on the Forge Digital Banking Platform– comprised of public website, mobile banking app, and online...

Central 1 report finds slower growth for Ontario housing market

Ontario Housing Forecast 2019-2021 The report covers regional and provincial economic housing activity related to residential investment, employment,  federal mortgage policies and external trade influences. ONTARIO, CANADA, July 24, 2019 -- Ontario’s housing market will grow modestly over the forecast period due to the lingering effects of restrictive, federal mortgage policies and external geopolitical trade uncertainty, according to Central 1...

B.C. credit unions raise more than $340,000 for vital equipment at B.C. Children’s Hospital

B.C. Children’s Hospital Foundation’s Miracle Weekend Credit Union Committee presented $340,022 to the B.C. Children’s Hospital to fund lifesaving technological equipment on June 2, 2019. Over the past year, 60 per cent of B.C.’s 41 credit unions took part in a campaign to raise funds for two pieces of vital equipment—a flexible neuro-endoscope and a surgical laser—that will help save...

Ontario’s tech hubs sheltered from economic slowdown in 2019

Ontario Regional Economic Outlook 2019 – 2020 Central 1's latest report provides a deep dive into current regional economic trends; innovative areas sheltered from economic slowdown ONTARIO, CANADA, June 6, 2019 - Ontario’s tech hubs and diverse economic regions will withstand the economic slowdown sweeping the rest of the province through to 2020, according to the latest Central 1 Credit...