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B.C. growth to slow, but remain strong through 2021, Central 1 forecasts

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New B.C. Economic Outlook Report 2018 - 2021 VANCOUVER, August 22, 2018 – After a stellar run over the past four years in which the economy expanded by more than 3.5 per cent annually, British Columbia’s growth will slow over the next four years but still maintain moderate growth, according to the latest Central 1 Credit Union (Central 1) forecast....

Creative and Innovative Payments Expert Named New Central 1 CFO

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Sheila Vokey Joins Central 1 to Provide Strategic Financial Leadership VANCOUVER, August 20, 2018 – A deep interest in supporting transformative organizational change through the finance function drew Sheila Vokey to the role of Chief Financial Officer at Central 1 Credit Union (Central 1), an appointment the organization is pleased to announce today. Vokey will begin her role at Central...

Central 1 Launches Canada’s First Authenticated Voice Banking Service

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Vancouver, BC – August 14, 2018 – Canada’s first-ever authenticated voice banking service using Amazon Alexa, launches from creator Central 1 today. Central 1 clients - Innovation Credit Union and Conexus Credit Union - are piloting the technology that allows customers to use their voice to command actions for their bank accounts, as if Amazon Alexa were a customer service...

Creativity and Central 1 Values Drive Team to Launch Alexa Skill

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It was the exciting challenge of creating a product that will revolutionize credit union member experience that drove the team at Central 1 to propose and demo an idea that’s the first of it’s kind to launch in Canadian financial services. And it originated with the development team, not in the board room. This week, Central 1 is pushing technology...

Central 1 is First to Market with Integrated Online Payroll for Canadian Small Businesses

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Small Business Payroll Launches Today with Prospera Credit Union Vancouver, BC - July 17, 2018 – Canada’s first small business payroll system integrated with online banking, offered by Central 1, launched with Prospera Credit Union today. Other financial institutions are expected to follow throughout 2018. Small Business Payroll is an innovation that will transform how Canadian small businesses operate by...

Credit Unions get a Competitive Edge through Central 1 Partnership with Innovative FinTech

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C1 Ventures’ Inaugural Investment and Partnership is with Agility Forex, a unique Low-Cost Foreign Exchange Service   Vancouver, BC - July 12, 2018 - A strategic partnership announced today between Central 1 and Agility Forex allows Central 1 to offer a low-cost, innovative foreign exchange service to their clients, as well as Canadian credit unions and their members. Working with...

Ontario’s economic growth expected to slow through 2020, Central 1 forecasts

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New Ontario Economic Forecast 2018 - 2020 VANCOUVER, July 10, 2018­  – Ontario’s economy is entering a slowdown that’s expected to last through 2020 according to the latest forecast from Central 1 Credit Union (Central 1). Less residential investment spending, restrained consumer spending, range-bound trade performance, and slower population growth, combined the effects of U.S. trade restrictions which have the...

Reminder: Take the Payments Modernization Awareness Survey by July 13th!

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Payments Modernization is a multi-year project that will revolutionize the payments landscape in Canada, and have major impacts on the Canadian credit union system. This survey was designed by Group Clearer to better understand the awareness level of Payments Modernization in the credit union system, so that we can best help you prepare for upcoming changes. The Payments Modernization Awareness...

White Paper: The Digital Cooperative Bank

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  At Central 1’s recent Member Forum and webinar on New Trends in Banking, we received a tremendous response from our members and clients about your interest in the impact of digital disruption on the financial services industry. In follow up to these presentations, we are pleased to share with you the attached white paper, The Digital Cooperative Bank: a...

Central 1 leads the way with a new FX wires feature for big businesses

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Central 1 launched a new foreign currency (FX) feature that enables foreign currency wires to be sent on our digital platform – another way we're helping our clients to be competitive! This enables our clients to send out payments in multiple currencies, all from their online banking experience. For credit unions looking to grow their big business customer base, this...