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Strong Treasury Earnings in the Second Quarter of 2019 Furthering Strategic Investments

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VANCOUVER, B.C., Aug 23, 2019 –  Central 1 Credit Union (Central 1) today announced its second quarter 2019 financial results. Financial income more than doubles to $28.7 million, up $15.7 million compared to the same period last year, driven by strong Treasury performance. Higher earnings support the significant investments in strategic initiatives that continued throughout the second quarter of 2019....

Central 1 report finds B.C. economy affected by fragile global economy

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B.C. Economic Outlook 2019 – 2022 BRITISH COLUMBIA, August 15, 2019 - B.C.’s economy proves it is not immune to the fragile state of the global economy as it suffers the flow-on effects of weakening trade, growth expectations and investment, according to Central 1’s latest B.C. Economic Outlook. Central 1 Deputy Chief Economist, Bryan Yu, said that external global trade...

Central 1 debuts solution set to transform how your members move money internationally

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B.C.’s Sunshine Coast Credit Union will be the first credit union to offer the innovative solution integrated into their online banking system that will enable members to move money globally quickly, cheaply and conveniently. VANCOUVER, B.C., August 7, 2019 - Central 1 today announced the launch of the new product ‘International Transfers’ which enables credit union members to move money...

Central 1 Launches Full Suite of Digital Products Transforming Digital Offering

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Using Central 1’s Forge Digital Banking Platform, credit unions and other financial institutions can offer Canadians leading digital experiences in today's fast-evolving fintech landscape VANCOUVER, BC, August 1, 2019 – Central 1 Credit Union is pleased to announce the launch of its full retail suite on the Forge Digital Banking Platform– comprised of public website, mobile banking app, and online...

Central 1 report finds slower growth for Ontario housing market

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Ontario Housing Forecast 2019-2021 The report covers regional and provincial economic housing activity related to residential investment, employment,  federal mortgage policies and external trade influences. ONTARIO, CANADA, July 24, 2019 -- Ontario’s housing market will grow modestly over the forecast period due to the lingering effects of restrictive, federal mortgage policies and external geopolitical trade uncertainty, according to Central 1...

B.C. credit unions raise more than $340,000 for vital equipment at B.C. Children’s Hospital

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B.C. Children’s Hospital Foundation’s Miracle Weekend Credit Union Committee presented $340,022 to the B.C. Children’s Hospital to fund lifesaving technological equipment on June 2, 2019. Over the past year, 60 per cent of B.C.’s 41 credit unions took part in a campaign to raise funds for two pieces of vital equipment—a flexible neuro-endoscope and a surgical laser—that will help save...

Ontario’s tech hubs sheltered from economic slowdown in 2019

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Ontario Regional Economic Outlook 2019 – 2020 Central 1's latest report provides a deep dive into current regional economic trends; innovative areas sheltered from economic slowdown ONTARIO, CANADA, June 6, 2019 - Ontario’s tech hubs and diverse economic regions will withstand the economic slowdown sweeping the rest of the province through to 2020, according to the latest Central 1 Credit...

B.C.’s first house price drop since 2012 will leave sellers sour

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B.C. Resale Market Housing Outlook 2019-2021 British Columbia, Tuesday May 28 - B.C.’s annual median house price will decline for the first time since 2012 and ongoing sluggishness will leave sellers sour until 2021, according to Central 1 Credit Union’s (Central 1) latest B.C. Resale Housing Market Outlook 2019 – 2021. Central 1’s Deputy Chief Economist, Bryan Yu, said Metro...

Central 1’s First Quarter 2019 Delivers Higher Financial Income

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VANCOUVER, B.C. – Central 1 Credit Union (Central 1) today announced its first quarter 2019 financial results, which saw higher financial income (up $23 million over 2018) and continued investments in strategic initiatives. “Our number one priority is to enable our clients’ success through the products and services we provide,” said Mark Blucher, President and CEO of Central 1. “Our...

Distinguished Service Awards presented by Credit Union Foundation of BC

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VANCOUVER – Central 1 Credit Union (Central 1), on behalf of the Credit Union Foundation of BC, is pleased to congratulate Emmet McGrath, Board Director of Westminster Savings, and Jeremy Trigg, Director of Facility and Environmental Management at Vancity, as recipients of the 2019 Distinguished Service Awards. The bi-annual awards recognize individuals who have made significant contributions to credit unions...