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Central 1 Reports Fourth Quarter and 2021 Results

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VANCOUVER, B.C., February 24, 2022 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit from continuing operations of $45.4 million for the year ended December 31, 2021, an increase of $19.1 million in profit from continuing operations compared to 2020. In 2021, Central 1 continued to focus on exploring innovation and opportunities for the growth and evolution of...

2022 Gary Gillam Award Nominations Now Open

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TORONTO, ON and VANCOUVER, BC, February 16, 2022 – The Gary Gillam Award, jointly sponsored by Alterna Savings and Central 1 Credit Union (Central 1), is now open for nominations. The award recognizes and honours individuals within the British Columbia and Ontario credit union system who have reinforced co-operative values and made significant achievements in social responsibility. The nominees will...

Central 1 Board Appoints Sheila Vokey as President and CEO

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VANCOUVER, B.C., January 25, 2022 - Central 1 Credit Union (Central 1) is pleased to announce the appointment of Sheila Vokey to the role of President & CEO, effective today, January 25, 2022.  The Central 1 Board of Directors undertook an extensive executive search which included significant stakeholder engagement throughout the process. At the end of the search process, the...

Central 1 Gains Momentum with Forge 2.0 Adoption

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VANCOUVER, B.C., December 17, 2021 – Central 1 continues to build momentum with its Forge 2.0 digital banking solution, including recent launches with BC-based Coastal Community Credit Union and Ontario’s Kindred Credit Union. These implementations now bring Forge 2.0 to 117 committed clients as of today.  “The importance of delivering modern and seamless digital banking experiences to Canadians is greater than ever, and...

Central 1 reports 2021 third quarter financial results

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VANCOUVER, B.C., November 26, 2021 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit from continuing operations of $41.0 million for the first nine months of 2021, an increase in profit of $18.2 million for the first nine months of 2021, compared to the same period last year. For the third quarter (Q3) ended September 30,...

Join Central 1 and Canadian credit unions in our support for the Canadian Red Cross and BC flood relief and recovery efforts

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VANCOUVER, BC, November 24, 2021 – As community-based financial institutions with deep roots in the areas we serve, credit unions have a long history of coming together to support Canadian communities. Recently, a severe storm occurred resulting in flooding, landslides, mudslides, power outages and other incidents across the South Coastal and Interior regions of British Columbia. With relief and recovery...

Coming together to support those impacted by BC flood

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After a summer of wildfires that left the province reeling, British Columbia was hit last week with record rainfalls resulting in severe floods that have destroyed homes and critical infrastructure. The impact of these recent events has been unimaginable and hits home for all of us at Central 1. These are communities where we live, work and serve through the...

Central 1 Unveils Latest Digital Banking Experience on Forge Digital Banking Platform with First West Credit Union  

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VANCOUVER, BC, November 18, 2021 – Central 1 is pleased to announce the successful launch of the latest versions of Online Banking, Mobile App and Small Business on the Forge Digital Banking Platform. Achieved with First West Credit Union across all of its regional brands: Envision Financial, Valley First, Island Savings and Enderby & District Financial, these milestones further position the platform as a leading digital solution for financial...

Central 1 Announces Change in Digital & Payments Leadership

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Vancouver, B.C., October 6, 2021 – Today, Central 1 announced that Arvind Sharma will be moving on from his role as Chief Digital and Payments Officer. Effective upon his departure, Mark Derraugh has been appointed Interim Chief Payments and Digital Banking Platforms & Experiences (DBPX) Officer. “Over the last three years, Arvind has led several key initiatives including Payments Modernization...

Central 1, Vancity and First West credit unions partner to launch enhanced Interac e-Transfer® instant digital payments

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VANCOUVER, B.C., September 8, 2021 – Central 1 Credit Union (Central 1), one of the largest payments processors for Canadian financial institutions and government organizations and payments partner of choice for emerging fintechs, in collaboration with Vancity and First West credit unions has successfully launched the first phase of Interac e-Transfer® for Business. The solution is an enhancement to the existing Interac e-Transfer service that enables the receipt of real-time, account number routed and data-rich transactions.   Vancity and First West Credit Union are...