Financial Results

Central 1 reports 2024 first quarter financial results

VANCOUVER, May 30, 2024 – Central 1 Credit Union (Central 1) today reported its first quarter performance reflecting strong financial results across business lines consistent with plans and expectations. “Central 1’s financial performance for the first quarter of 2024 remained stable,” said Sheila Vokey, Central 1’s President and CEO. “As we continue to monitor market forces and trends, our internal efforts...

Central 1 reports 2023 financial results

VANCOUVER, B.C., MARCH 21, 2024 – Central 1 Credit Union (“Central 1” or the “organization”) reported a consolidated net income of $25.4 million for the year ended December 31, 2023, compared to a net loss of $69.6 million in 2022.  2023 consolidated results compared to 2022:  Net income of $25.4 million, compared to a net loss of $69.6 million in 2022. ...

Central 1 reports 2023 third quarter financial results

Third quarter 2023 highlights (compared with third quarter, 2022): Net income of $3.9 million, compared with net income of $1.3 million Net interest income of $19.6 million, compared with net interest income of $21.5 million Return on average equity1 of 1.6 per cent, compared with 0.5 per cent Year-to-date 2023 compared with year-to-date 2022: Net income of $23.6 million, compared...

Central 1 Reports 2022 Financial Results

VANCOUVER, B.C., March 3, 2023 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a loss of $69.6 million for the year ended December 31, 2022, compared to a profit of $45.4 million in 2021. “Our 2022 financial story is reflective of the challenging market conditions during the year which has resulted in unrealized losses on our fixed income...

Central 1 Reports 2022 Third Quarter Financial Results

VANCOUVER, B.C. November 24, 2022 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit of $1.3 million for the third quarter (Q3) ended September 30, 2022. “We continue to support our members and clients through the effects of a slowing global economy and resulting consumer behaviours,” said Sheila Vokey, Central 1’s President and CEO. “While our year-to-date...