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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...

B.C. economy faces the ripple effect of the housing downturn

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B.C. Economic Outlook 2019 – 2021 The report provides a deep dive into current economic trends, the macro economic environment, population growth and employment. BRITISH COLUMBIA, March 14, 2019 - B.C.’s economy will face weak economic growth for the next three years due to the ripple effect of the housing market downturn, according to the latest Central 1 Credit Union...

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...

Member Forum & AGM are April 24 & 25

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Central 1’s Member Forum and AGM will be held at the Sheraton Wall Centre Hotel in Vancouver on April 24 & 25. April 24 - Sessions all day + a celebration of 75 years supporting credit unions April 25 - Morning sessions + Gary Gillam award presentation + AGM Our world is rapidly changing and financial services must exceed customer...

Central 1 Credit Union to redeem $200 million of Series 4 Subordinated Notes

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VANCOUVER, B.C. – Central 1 Credit Union (Central 1) today announced that on April 25, 2019 it will redeem at par all of its issued and outstanding Series 4 Subordinated Notes due April 25, 2024 (the Notes). The Notes are redeemable at Central 1's option on or after April 25, 2019 at a redemption price per Note equal to par,...

Strong profit and focused strategic investment feature in Central 1’s 2018 financial results

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VANCOUVER, B.C. – Central 1 Credit Union (Central 1) today announced its fourth quarter and 2018 results, featuring robust profit and increased investment in strategic initiatives to deliver the solutions required for the future of the credit union system in Canada. “We’re investing in strategic initiatives to support credit unions as they meet the expanding expectations of Canadians for financial services...