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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...

2019 Gary Gillam Award nominations accepted through March 15

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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

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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

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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

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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...