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Central 1 Credit Union to redeem $200 million of Series 4 Subordinated Notes

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VANCOUVER, B.C. – Central 1 Credit Union (Central 1) today announced that on April 25, 2019 it will redeem at par all of its issued and outstanding Series 4 Subordinated Notes due April 25, 2024 (the Notes). The Notes are redeemable at Central 1's option on or after April 25, 2019 at a redemption price per Note equal to par,...

Strong profit and focused strategic investment feature in Central 1’s 2018 financial results

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VANCOUVER, B.C. – Central 1 Credit Union (Central 1) today announced its fourth quarter and 2018 results, featuring robust profit and increased investment in strategic initiatives to deliver the solutions required for the future of the credit union system in Canada. “We’re investing in strategic initiatives to support credit unions as they meet the expanding expectations of Canadians for financial services...

2019 Gary Gillam Award nominations accepted through March 15

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TORONTO, Ont. – The Gary Gillam Award, jointly sponsored by Alterna Savings and Central 1 Credit Union (Central 1), recognizes and honours individuals within the Ontario and British Columbia credit union movement who demonstrate exemplary achievements in: Promoting social responsibility and/or sustainability in credit unions Promoting credit unions as a socially responsible investment alternative. Up to two awards may be presented...

Central 1 Launches Integration for Secure Digital Solution for Financial Institutions

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SecureKey ConciergeTM is a secure, privacy-enhancing service granting access to more than 80 government services using existing banking credentials VANCOUVER, B.C., February 5, 2019 – Central 1, creating digital solutions that make everyday banking easier, today announces the launch of technology that allows financial institutions to offer SecureKey ConciergeTM, a single sign-on authentication service, to their members. The seamless integration...

Housing market in B.C. to remain subdued following policy-induced housing sector recession

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B.C. Housing Forecast Update 2018 – 2021 The report covers regional and provincial residential investment and the rental market BRITISH COLUMBIA, December 18, 2018 - Potential home buyers and sellers lose out in B.C.’s housing market in 2018 as federal and provincial rules contribute to a mild provincial housing recession, according to the latest Central 1 Credit Union (Central 1)...

Central 1 Announces Approval of Special Resolution

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VANCOUVER, B.C. December 17, 2018 - Central 1 is pleased to announce that its members have passed a special resolution approving amendments to its Constitution and Rules (“Rules”). The amendments remove restrictions in the Rules on the pricing of payment transactions products and services offered by Central 1 and give Central 1 the flexibility to offer volume-based tiered pricing for...

Momentum 2018 Summit & Trade Show Highlights

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There’s a definition of the word Momentum that reflects what’s happening at Central 1 right now: ‘the impetus of a non-physical process, such as an idea or course of events.’ At our Momentum summit, October 28 to 30, there was a palpable energy and sense of impetus driving us and our clients forward together to ensure a thriving credit union...

Strong financial results, new products and leadership mark Central 1’s third quarter

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VANCOUVER, B.C., November 22, 2018­ – Continued growth in profit, higher return on average equity, and increased assets highlight Central 1 Credit Union’s (Central 1) performance in its third-quarter 2018 financial results announced today. Key results compared to the same period last year: Profit after tax of $19.3 million, up $3.6 million from $15.7 million. Return on average equity of 6.4 per...

Ontario Housing Forecast 2018-2020: Home buyers forced onto the sidelines, while rental market conditions tighten

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New Ontario Housing Forecast 2018 – 2020 The report covers regional and provincial economic residential investment and construction, rental market and employment. ONTARIO, November 22, 2018 – Ontario’s housing market momentum has deteriorated as potential buyers are forced onto the ‘homeownership sidelines’ as they adapt to 2018’s new policies, according to Central 1 Credit Union’s (Central 1) latest Ontario Housing...

BC’s northern communities set to boom as housing slowdown erodes provincial gains

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New BC Economic Outlook Report 2018 – 2020 The report covers regional and provincial economic and population growth, employment and residential investment. BRITISH COLUMBIA, November 20, 2018 – Northern BC’s economy is set to boom in 2019 and 2020, as economic fortune shifts from the rest of the province to the north, according to the latest Central 1 Credit Union...