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Get your hands on Central 1’s 2019 Research Package – Now available!

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The Annual Research Package is a credit union’s ultimate resource to stay competitive in a quickly-evolving financial services landscape. Purchase the 2019 package, complete with access to over 130 reports and surveys, at a significantly discounted cost. Or, go a-la-carte to purchase reports individually. The choice is yours. Click here to learn more or to place your order.   Questions?...

Coast Capital Savings Approved to Become a Federal Credit Union

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October 30, 2018 - Central 1 congratulates Coast Capital Savings for receiving approval to become a federal credit union by Minister of Finance Bill Morneau, effective November 1, 2018. “We know that Canadians value the alternative to traditional banks that our members provide, and as Coast expands to offer a cooperative, values-based model nationally, we’re delighted to continue to be...

Central 1 transforms the digital banking experience with the launch of Forge

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The first-in-Canada platform designed exclusively for Central 1 clients Vancouver, BC - October 29, 2018 - Central 1, today announces the launch of Forge, the digital banking platform that transforms the banking experience in Canada. Built using global-leading, Backbase technology, Forge puts the control in the hands of clients, providing the flexibility and control to design their digital branch of...

Ontario economy expected to slow as consumer demand stumbles, according to new Central 1 report

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New Ontario Economic Outlook Report 2018–2020 Ontario’s economy slows and is expected to grow less than two per cent annually in 2019 and 2020, according to the latest Central 1 Credit Union (Central 1) forecast. The Ontario Economic Forecast Update 2018-2020 report looks at residential investment, employment, economic and population growth, as well as trade. “Lacklustre trade performance, less residential...

Finding funding through mortgage underwriting: Momentum session spotlight

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In today’s changing economic environment, it’s difficult for credit unions to rely solely on member deposits for funding. Strategic mortgage underwriting has the potential to open up additional funding sources for credit unions– if they understand how to apply the rules and tools. The way credit unions underwrite mortgages now can set the stage for the funding options available to...

Credit unions have robust anti-money laundering practices in place

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The B.C. government recently announced plans to further investigate potential money laundering practices taking place in British Columbia. B.C. credit unions have robust anti-money laundering (AML) practices in place. In fact, all credit unions in Canada are required to adhere to strict regulations from the federal government that combat potential money laundering via financial institutions. Some of the AML measures...

Another ‘A’ Credit Rating for Central 1

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Respected global rating agency, Fitch Ratings, recently engaged by Central 1, reinforced our strong reputation in the financial industry with an ‘A’ rating in its most recent report, released publicly today. Along with Fitch, we’ve received credit ratings of A (high) from DBRS, and A- from Standard & Poor’s, allowing us to provide our members and clients with attractively priced...

Innovation Expert Named New Chief Digital and Payments Officer at Central 1

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Arvind Sharma Looks Forward to Creating Exceptional Customer Value and Experience VANCOUVER, August 30, 2018 – Central 1 Credit Union (Central 1) is pleased to announce the appointment of Arvind Sharma to the role of Chief Digital and Payments Officer, effective September 24, 2018. With a career history of working within financial institutions as well as their service providers, and a...

New products, services and strong financials mark Central 1 Q2 2018

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VANCOUVER, BC, August 24, 2018­ – Asset growth and improved return on average equity highlight Central 1 Credit Union’s (Central 1) performance in its second quarter 2018 financial results, announced today. During the quarter ended June 30, Central 1 continued to move forward with several strategic, client and member-focused initiatives, and invested attention and time into building on its current three-year...

Making Client Success the Priority: Focus for New Central 1 Business Leader

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Elizabeth Duke Joins Executive Team as SVP of Client Development VANCOUVER, August 23, 2018 – Putting clients first is the mandate of Central 1’s Senior Vice President of Client Development, Elizabeth (Buffy) Duke who starts immediately. “I believe that successful business relationships are about creating client value, not simply selling a product or service,” said Duke. “I look forward to working...