In the News

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...

B.C.’s first house price drop since 2012 will leave sellers sour

B.C. Resale Market Housing Outlook 2019-2021 British Columbia, Tuesday May 28 - B.C.’s annual median house price will decline for the first time since 2012 and ongoing sluggishness will leave sellers sour until 2021, according to Central 1 Credit Union’s (Central 1) latest B.C. Resale Housing Market Outlook 2019 – 2021. Central 1’s Deputy Chief Economist, Bryan Yu, said Metro...

Central 1’s First Quarter 2019 Delivers Higher Financial Income

VANCOUVER, B.C. – Central 1 Credit Union (Central 1) today announced its first quarter 2019 financial results, which saw higher financial income (up $23 million over 2018) and continued investments in strategic initiatives. “Our number one priority is to enable our clients’ success through the products and services we provide,” said Mark Blucher, President and CEO of Central 1. “Our...

Distinguished Service Awards presented by Credit Union Foundation of BC

VANCOUVER – Central 1 Credit Union (Central 1), on behalf of the Credit Union Foundation of BC, is pleased to congratulate Emmet McGrath, Board Director of Westminster Savings, and Jeremy Trigg, Director of Facility and Environmental Management at Vancity, as recipients of the 2019 Distinguished Service Awards. The bi-annual awards recognize individuals who have made significant contributions to credit unions...

Central 1 Announces Voting Results from Annual General and Special Meeting

VANCOUVER — Central 1 Credit Union (“Central 1”) is pleased to announce that its members have passed a special resolution approving amendments to its Constitutions and Rules (“Rules”), three dues resolutions and a resolution re-appointing its auditors, at its Annual General and Special Meeting held on April 25, 2019 (the “Meeting"). In order to be approved, the special resolution was required...

Announcing the 2019 Gary Gillam Award Recipient

VANCOUVER, BC – Alterna Savings and Central 1 Credit Union (Central 1) are pleased to announce Liz Arkinstall, Corporate Social Responsibility Manager, Libro Credit Union, as the recipient of the 2019 Gary Gillam Award. Jointly sponsored by Alterna Savings and Central 1, the Gary Gillam Award for corporate social responsibility is presented annually to an individual who promotes credit unions...

Central 1 Annual Report available now

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

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

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

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...