In the News

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...

Central 1 completes important milestones on the journey towards go-live of Canada’s new high-value payments system, Lynx

Central 1 has completed further milestones on the journey towards go-live of Canada’s new high-value payments system, Lynx: a real-time gross settlement system which will replace the existing Large Value Transfer System (LVTS). It is among 16 confirmed Lynx participants to begin industry testing with Payments Canada in preparation for the switch, this summer, to a new payments system which...

Central 1 achieves compliance with SWIFT universal confirmation mandate, ensuring faster and more transparent tracing of wire payments

Central 1 has successfully achieved compliance with a new SWIFT global mandate, beginning November 22, 2020 onwards, which stipulates that all SWIFT payments must include a final confirmation on its outcome, ensuring faster and more transparent tracing of wires for Central 1’s members and clients. “Being able to track and confirm payments in real-time is fundamental in the world of...

Central 1 Appoints Bryan Yu as Chief Economist

Vancouver, B.C., January 12, 2021 – Central 1 is pleased to announce the appointment of Bryan Yu to Chief Economist. Reporting to the Vice President of Treasury Solutions, Bryan will be leading and mentoring Central 1’s team of economists who empower credit unions with practical and unbiased forecasting, reporting and analysis. The team provides objective, expert-driven economic analysis that enables...

Central 1 Appoints Kathy Parslow as Chief Corporate Services Officer  

Vancouver, B.C., January 8, 2021 – Central 1 is pleased to announce the appointment of Kathy Parslow as Chief Corporate Services Officer, effective January 25, 2021.   Kathy’s appointment will support Central 1’s ability to achieve our strategic priorities. In this newly created role, she will take accountability for Operational Excellence and have multiple functional accountabilities including Human Resources, Information Technology, Corporate Secretary, Legal Government Affairs, and Facilities Management. She joins the Executive Leadership team at...