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Securitization: Managing liquidity during an elevated mortgage lending environment

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The most surprising story amidst the pandemic has been the unprecedented strength of the housing market across the country despite elevated levels of joblessness, a sharp but temporary drop off in immigration, and negative impacts to various industries.   By now the key drivers of the boom in housing demand have been well established. The pandemic resulted in policy interest rate cuts and the...

Central 1 Announces Voting Results from Virtual Annual General Meeting

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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...

How this credit union is getting ready for real-time payments

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“Faster payments is something that our members have been requesting for some time and we’re excited that Canada’s new Real-Time Rail (RTR) will allow us to provide more convenient payments options to our members, especially our small business members,” reveals FirstOntario Credit Union’s VP Digital Channels and Experience, Ron Renton. Renton and the team at FirstOntario have had Canada’s Payments...

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

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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...