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...

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...

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...

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...

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...

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...