On June 21, Miklos Dietz, Senior Partner at McKinsey & Company, shared with Central 1 clients the forces shaping the global and Canadian banking industries and potential scenarios that may significantly alter the environment for Canadian financial institutions. This webinar also included insights from McKinsey’s extensive research on digital disruption and how Canada’s credit unions can prepare to navigate those...

VANCOUVER, June 26, 2018 — On behalf British Columbia credit unions, Central 1 Credit Union (Central 1) congratulates the B.C. government on new rules that will help protect vulnerable consumers from excessive payday lending fees and predatory lending practices. “The Province’s proposed measures to reduce and control cheque cashing fees and increase access to information will help protect B.C. consumers...

Just for Canadian credit unions with everything you need to know, all in one place. Payments Canada is currently undertaking a multi-year initiative to modernize Canada’s payments system. In the fall of 2018, credit unions will see some of the first impacts of modernization when a third daily exchange deadline is added for Automated Funds Transfers (AFT), and a two-hour...

New three-year strategic plan puts focus on client success VANCOUVER­ – Central 1 Credit Union (Central 1) today reported its first quarter 2018 financial results and highlights from operations, including assets of $19.5 billion, up 8.3 per cent. In the first quarter, Central 1 continued its commitment towards transformational change, and its vision to be the national partner of choice...