In the News

Important changes are coming to Central 1 events

Depending on the work you do at your credit union, you might attend a number of different events hosted by Central 1 each year. Hosting events like these allows us to engage with our members and receive valuable feedback in order to inform our service offerings. It’s also an opportunity for everyone to share and gain knowledge from one another...

Ontario’s economy poised for expansion into 2020, says Central 1 economic forecast

VANCOUVER, B.C. – Ontario’s economy will see moderate growth into 2020, with support from below normal interest rates, firmer U.S. growth, a low dollar, high population growth, and a pickup in business investment and government capital spending, according to the latest forecast from Central 1 Credit Union (Central 1). Growth over the next three years will be slightly slower than...

Sellers’ market conditions persist, B.C. housing prices to rise in 2018-19, Central 1 Credit Union forecasts

VANCOUVER, BC - Soaring prices seen in B.C.'s housing market through 2017 will moderate, but further appreciation lies ahead, according to an updated Central 1 Credit Union (Central 1) forecast. While more restrictive mortgage regulations, rising interest rates and high prices will temper some demand-side pressure over the next two years, Central 1 expects the provincial median home value to...

Desjardins, provincial credit union centrals and CUMIS to merge the businesses of their subsidiaries, Credential, Qtrade and NEI, to create major Canadian wealth management firm

New combined company, Aviso Wealth, will focus on meeting the expanding wealth management needs of credit union members and other partners and clients across the country TORONTO (ON) - Desjardins Group and a partnership comprised of Canada's five provincial credit union centrals (the Centrals) and The CUMIS Group have entered into a definitive agreement to merge the businesses of their...

Central 1 Announces Approval of Special Resolution

VANCOUVER, BC - Central 1 Credit Union (Central 1) is pleased to announce that its members have passed a special resolution approving amendments to its Constitution and Rules. The amendments enable Central 1 to set prices using volume-based tiers for (i) electronic bill payment processing and (ii) electronic CCIN (Corporate Creditor Identification Number) bill payment remittance processing. The amendments are...

Central 1 Board appoints Mark Blucher as President and CEO

VANCOUVER – Central 1 Credit Union (Central 1) is pleased to announce the appointment of Mark Blucher to the role of President & CEO, effective January 22, 2018. With significant experience in leading complex financial services companies and a regulated crown corporation in his most recent role as CEO of the Insurance Corporation of British Columbia (ICBC), Blucher is widely...

Central 1 Credit Union posts third quarter 2017 profit of $15.7 million

VANCOUVER, BC – Central 1 Credit Union (Central 1) today announced its third quarter financial results, including continued growth in assets from credit unions during the quarter ended September 30, 2017. Central 1 reported a profit of $15.7 million for the quarter, down 27.0 per cent from the same period in 2016. For the nine months ended September 30, 2017,...

Everlink & Central 1 Sign Multi-Year Agreement to Provide Real-Time Debit Card Fraud Management Services to Credit Unions

NOVEMBER 1, 2017 – B.C. and Ontario credit unions and other financial institutions now have access to a sophisticated real-time debit card fraud management tool provided by Everlink Payment Services Inc. as a result of a multi-year Fraud Management Services agreement between Everlink and Central 1 Credit Union (Central 1). Everlink’s Fraud Management Services analyzes debit card transaction information in...