In the News

2019 Gary Gillam Award nominations accepted through March 15

TORONTO, Ont. – The Gary Gillam Award, jointly sponsored by Alterna Savings and Central 1 Credit Union (Central 1), recognizes and honours individuals within the Ontario and British Columbia credit union movement who demonstrate exemplary achievements in: Promoting social responsibility and/or sustainability in credit unions Promoting credit unions as a socially responsible investment alternative. Up to two awards may be presented...

Central 1 Launches Integration for Secure Digital Solution for Financial Institutions

SecureKey ConciergeTM is a secure, privacy-enhancing service granting access to more than 80 government services using existing banking credentials VANCOUVER, B.C., February 5, 2019 – Central 1, creating digital solutions that make everyday banking easier, today announces the launch of technology that allows financial institutions to offer SecureKey ConciergeTM, a single sign-on authentication service, to their members. The seamless integration...

Housing market in B.C. to remain subdued following policy-induced housing sector recession

B.C. Housing Forecast Update 2018 – 2021 The report covers regional and provincial residential investment and the rental market BRITISH COLUMBIA, December 18, 2018 - Potential home buyers and sellers lose out in B.C.’s housing market in 2018 as federal and provincial rules contribute to a mild provincial housing recession, according to the latest Central 1 Credit Union (Central 1)...

Central 1 Announces Approval of Special Resolution

VANCOUVER, B.C. December 17, 2018 - Central 1 is pleased to announce that its members have passed a special resolution approving amendments to its Constitution and Rules (“Rules”). The amendments remove restrictions in the Rules on the pricing of payment transactions products and services offered by Central 1 and give Central 1 the flexibility to offer volume-based tiered pricing for...

Momentum 2018 Summit & Trade Show Highlights

There’s a definition of the word Momentum that reflects what’s happening at Central 1 right now: ‘the impetus of a non-physical process, such as an idea or course of events.’ At our Momentum summit, October 28 to 30, there was a palpable energy and sense of impetus driving us and our clients forward together to ensure a thriving credit union...

Strong financial results, new products and leadership mark Central 1’s third quarter

VANCOUVER, B.C., November 22, 2018­ – Continued growth in profit, higher return on average equity, and increased assets highlight Central 1 Credit Union’s (Central 1) performance in its third-quarter 2018 financial results announced today. Key results compared to the same period last year: Profit after tax of $19.3 million, up $3.6 million from $15.7 million. Return on average equity of 6.4 per...

Ontario Housing Forecast 2018-2020: Home buyers forced onto the sidelines, while rental market conditions tighten

New Ontario Housing Forecast 2018 – 2020 The report covers regional and provincial economic residential investment and construction, rental market and employment. ONTARIO, November 22, 2018 – Ontario’s housing market momentum has deteriorated as potential buyers are forced onto the ‘homeownership sidelines’ as they adapt to 2018’s new policies, according to Central 1 Credit Union’s (Central 1) latest Ontario Housing...

BC’s northern communities set to boom as housing slowdown erodes provincial gains

New BC Economic Outlook Report 2018 – 2020 The report covers regional and provincial economic and population growth, employment and residential investment. BRITISH COLUMBIA, November 20, 2018 – Northern BC’s economy is set to boom in 2019 and 2020, as economic fortune shifts from the rest of the province to the north, according to the latest Central 1 Credit Union...

Get your hands on Central 1’s 2019 Research Package – Now available!

The Annual Research Package is a credit union’s ultimate resource to stay competitive in a quickly-evolving financial services landscape. Purchase the 2019 package, complete with access to over 130 reports and surveys, at a significantly discounted cost. Or, go a-la-carte to purchase reports individually. The choice is yours. Click here to learn more or to place your order.   Questions?...

Coast Capital Savings Approved to Become a Federal Credit Union

October 30, 2018 - Central 1 congratulates Coast Capital Savings for receiving approval to become a federal credit union by Minister of Finance Bill Morneau, effective November 1, 2018. “We know that Canadians value the alternative to traditional banks that our members provide, and as Coast expands to offer a cooperative, values-based model nationally, we’re delighted to continue to be...