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Economic growth is expected to continue in all Ontario regions through 2019, according to new Central 1 Report

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TORONTO - Economic growth continued to spread across Ontario’s regional economies during 2017, according to the latest regional economic forecast by Central 1 Credit Union (Central 1). “Growth was concentrated in the Toronto, Hamilton-Niagara, and Kitchener-Waterloo-Barrie regions,” says Central 1’s Regional Economist and report co-author, Edgard Navarrete. “Housing activity expanded in most regions, while prices rose in all regions.” Central...

New Credit Card Program Provides Improved Experience for Credit Union Members from Coast to Coast

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National Credit Card Program and Collabria are excited to announce the official execution of a Master Services Agreement for credit card services and the official launch of an important new partnership, creating an enhanced credit card offering and an improved credit union member experience. Collabria was selected by the CEO Payments Strategy Committee as the preferred credit card provider for...

2018 Gary Gillam Award nominations now being accepted

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Toronto, ON – The Gary Gillam Award, jointly sponsored by Alterna Savings and Central 1 Credit Union, 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; and/or Promoting credit unions as a socially responsible investment alternative. Up to two awards may be presented...

Central 1 2018-2020 Strategic Plan: A Bold Way Forward

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Today, Central 1 releases our company’s 2018 to 2020 strategic plan: A Bold Way Forward. Through 2017 Central 1 relied on our values of courage, curiosity and collaboration to take an honest look internally at our strengths and areas for improvement, and acknowledged that we have opportunities to strengthen delivery to members and clients. We consulted with stakeholders to understand their...

Important changes are coming to Central 1 events

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Depending on the work you do at your credit union, you might attend a number of different events hosted by Central 1 each year. Hosting events like these allows us to engage with our members and receive valuable feedback in order to inform our service offerings. It’s also an opportunity for everyone to share and gain knowledge from one another...

Ontario’s economy poised for expansion into 2020, says Central 1 economic forecast

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VANCOUVER, B.C. – Ontario’s economy will see moderate growth into 2020, with support from below normal interest rates, firmer U.S. growth, a low dollar, high population growth, and a pickup in business investment and government capital spending, according to the latest forecast from Central 1 Credit Union (Central 1). Growth over the next three years will be slightly slower than...

Sellers’ market conditions persist, B.C. housing prices to rise in 2018-19, Central 1 Credit Union forecasts

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VANCOUVER, BC - Soaring prices seen in B.C.'s housing market through 2017 will moderate, but further appreciation lies ahead, according to an updated Central 1 Credit Union (Central 1) forecast. While more restrictive mortgage regulations, rising interest rates and high prices will temper some demand-side pressure over the next two years, Central 1 expects the provincial median home value to...

Desjardins, provincial credit union centrals and CUMIS to merge the businesses of their subsidiaries, Credential, Qtrade and NEI, to create major Canadian wealth management firm

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New combined company, Aviso Wealth, will focus on meeting the expanding wealth management needs of credit union members and other partners and clients across the country TORONTO (ON) - Desjardins Group and a partnership comprised of Canada's five provincial credit union centrals (the Centrals) and The CUMIS Group have entered into a definitive agreement to merge the businesses of their...

Central 1 Announces Approval of Special Resolution

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VANCOUVER, BC - Central 1 Credit Union (Central 1) is pleased to announce that its members have passed a special resolution approving amendments to its Constitution and Rules. The amendments enable Central 1 to set prices using volume-based tiers for (i) electronic bill payment processing and (ii) electronic CCIN (Corporate Creditor Identification Number) bill payment remittance processing. The amendments are...