For immediate release VANCOUVER, May 6, 2020 — Central 1 Credit Union (“Central 1”) announced the voting results from its 2020 virtual Annual General Meeting (AGM) held on April 28, 2020. 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...

This week we held our AGM online- a first for us. The theme of my remarks was resolve, resilience and return. I continue to see extraordinary examples of the resolve and resiliency that comes from working together to help Canadians. As our industry and country begin to map out a return to normal, we recognize a new normal will be established....

Vancouver, B.C. – April 30, 2020 – Central 1 and Alterna Savings are proud to announce Dorothy Watson as the recipient of the 24th annual, 2020 Gary Gillam award. This award celebrates exemplary social responsibility and sustainability within the Canadian credit union system. Throughout her 37-year career, Dorothy Watson has been recognized as an impactful and inspiring leader, showcasing cooperative...

Without a doubt, we are experiencing an unfamiliar moment in time as we navigate the health and economic crisis facing our communities. Over the past few weeks, our organization has seen a significant increase in the number of requests to build and offer new tools and supports for you, in order to provide your members and customers with access to...

For several weeks now, we have been navigating the many challenges facing our industry. As this pandemic evolves, we will continue our efforts to be responsive to your needs, whether through our core services, or in helping you develop new tools and resources to support your members and customers access important financial programs.  Canada Emergency Business Account (CEBA) Central 1 is working closely with the EDC and CCUA to enable you in offering the Canada Emergency...

This week, our team has been working on several initiatives to help provide your members and clients with the ability to access important benefits, while at the same time supporting those of you who are reviewing and employing liquidity strategies. This continues to be a challenging time for so many, and our priority remains the same - to support your...

Central 1 successfully completed our first Insured Mortgage Purchase Program (IMPP) transaction on March 31, 2020 in the program’s first transaction.   Acting on behalf of a credit union as a third-party swap counterparty, Central 1 helped secure $176 million in funding to support our member’s liquidity management  – demonstrating Central 1’s expertise and resolve to help credit unions access funding in the current economic environment. Central 1 has a full suite of funding and liquidity products to assist credit unions, and IMPP and securitization will help many credit unions during this period.   Supporting credit unions every step of...

As a primary liquidity provider to the credit union system, Central 1 manages our portfolio to ensure we have appropriate levels of liquidity to support the system during times of stress. This ensures we are able to continually offer our programs when our members and clients need them the most. Central 1 is here to help. We are focused on...