In the News

Central 1 reports 2021 first quarter financial results

VANCOUVER, B.C., May 28, 2021 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit after tax of $24.7 million for the first quarter (Q1) ended March 31, 2021, compared to a loss of $37.3 million in the same period in 2020. In the first quarter of 2021, Central 1 reported strong results driven by the organization’s...


Central 1 Announces Voting Results from Virtual Annual General Meeting

VANCOUVER, April 27, 2021 — Central 1 Credit Union (“Central 1”) announced the voting results from its 2021 virtual Annual General Meeting (AGM) held on April 23, 2021. Class “A” Members approved, by ordinary resolution on an electronic ballot: the appointment of the auditors to hold office until the conclusion of the next annual general meeting of Central 1 at a...

Alterna Savings and Central 1 announce the 2021 Gary Gillam Award Recipients

Toronto, ON and Vancouver, BC, April 23, 2021 – Alterna Savings and Central 1 Credit Union (Central 1) are pleased to announce the two recipients of the 2021 Gary Gillam Award: Sarasvati (Sara) Maharajh from the Canadian Credit Union Association and Angela Dzinas from Alterna Savings. The Gary Gillam Award for corporate social responsibility is presented annually to individuals who...

Central 1 Announces Elected and Appointed Members to its Board

VANCOUVER, March 29, 2021 — Central 1 Credit Union (Central 1) is pleased to announce that five directors – including four new to the Board – have been declared elected to Central 1’s Board of Directors and will begin their terms following the conclusion of Central 1’s annual general meeting on April 23, 2021 (AGM). Five seats were available in this...

Central 1 reports fourth quarter and 2020 results

VANCOUVER, B.C., February 26, 2021 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit after tax of $36.1 million for the year ended December 31, 2020, a $1.9 million increase in profit after tax of $34.2 million in 2019. Central 1 has consistently maintained strong operational resilience to support credit unions in B.C. and Ontario. In...

Central 1 Announces Change in Leadership

Vancouver, B.C., February 25, 2021 – Today, Central 1 announced that Mark Blucher has stepped down as President and CEO of Central 1 Credit Union to pursue a different future. Sheila Vokey has been appointed interim President and CEO, effective immediately, while the Board of Directors undertakes an executive search process to select a new President and CEO. “We are...

B.C.’s economic growth to be driven by strong rebound in expenditure by firms and shaped by vaccine rollout

Vancouver, B.C., February 25, 2021­ –   HIGHLIGHTS B.C.’s economy forecast to grow by 4.2 per cent in 2021 and by 4.5 per cent in 2022 before slowing to below three per cent in 2023; Stronger export and investment recovery and ongoing growth in knowledge sectors as global economic backdrop improves amid vaccine deployment; Housing demand anticipated to remain robust, lifting...

2021 Gary Gillam Award nominations now open

Toronto, ON and Vancouver, BC, February 23, 2021 – The Gary Gillam Award, jointly sponsored by Alterna Savings and Central 1 Credit Union (Central 1), is now open for nominations. The award recognizes and honours individuals within the British Columbia and Ontario credit union system who have reinforced co-operative values and made significant achievements in social responsibility. The nominees will...

Cheque Ordering Widget from ASAP Cheques coming soon to Financial Institutions on Central 1’s Forge Digital Banking Platform

VANCOUVER, BC, February 18, 2021 – ASAP Cheques, a leading provider of cheques to financial institutions across Canada, has completed the first release of their cheque ordering integration with Central 1, Canada’s leading digital banking and payments provider for credit unions and financial institutions.   Anticipated to debut in March 2021, the ASAP Cheques widget will enhance the digital banking experiences of financial institutions on Central 1’s Forge Digital Banking Platform by simplifying the cheque ordering process for...