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Central 1 reports fourth quarter and 2020 results

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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

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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

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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...