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Central 1 reports 2021 second quarter financial results

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VANCOUVER, B.C., August 20, 2021 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported an increase in profit of $25.6 million for the first half of 2021, compared to the same period last year. For the second quarter (Q2) ended June 30, 2021, profit after tax was $3.5 million compared to a profit of $39.9 million in the...

Central 1 reports 2021 first quarter financial results

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VANCOUVER, B.C., May 28, 2021 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit after tax of $24.7 million for the first quarter (Q1) ended March 31, 2021, compared to a loss of $37.3 million in the same period in 2020. In the first quarter of 2021, Central 1 reported strong results driven by the organization’s...

Central 1 Announces Voting Results from Virtual Annual General Meeting

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VANCOUVER, April 27, 2021 — Central 1 Credit Union (“Central 1”) announced the voting results from its 2021 virtual Annual General Meeting (AGM) held on April 23, 2021. Class “A” Members approved, by ordinary resolution on an electronic ballot: the appointment of the auditors to hold office until the conclusion of the next annual general meeting of Central 1 at a...

Alterna Savings and Central 1 announce the 2021 Gary Gillam Award Recipients

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Toronto, ON and Vancouver, BC, April 23, 2021 – Alterna Savings and Central 1 Credit Union (Central 1) are pleased to announce the two recipients of the 2021 Gary Gillam Award: Sarasvati (Sara) Maharajh from the Canadian Credit Union Association and Angela Dzinas from Alterna Savings. The Gary Gillam Award for corporate social responsibility is presented annually to individuals who...

Central 1 Announces Elected and Appointed Members to its Board

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VANCOUVER, March 29, 2021 — Central 1 Credit Union (Central 1) is pleased to announce that five directors – including four new to the Board – have been declared elected to Central 1’s Board of Directors and will begin their terms following the conclusion of Central 1’s annual general meeting on April 23, 2021 (AGM). Five seats were available in this...

Central 1 reports fourth quarter and 2020 results

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VANCOUVER, B.C., February 26, 2021 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit after tax of $36.1 million for the year ended December 31, 2020, a $1.9 million increase in profit after tax of $34.2 million in 2019. Central 1 has consistently maintained strong operational resilience to support credit unions in B.C. and Ontario. In...

Central 1 Announces Change in Leadership

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Vancouver, B.C., February 25, 2021 – Today, Central 1 announced that Mark Blucher has stepped down as President and CEO of Central 1 Credit Union to pursue a different future. Sheila Vokey has been appointed interim President and CEO, effective immediately, while the Board of Directors undertakes an executive search process to select a new President and CEO. “We are...

Thousands of disability tax credit eligible Canadians missing out on available government incentives

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Only 36.2 per cent out of approximately 466,000 disability tax credit (DTC) eligible Canadians had Registered Disability Savings Plan, according to 2017 Employment and Social Development Canada statistics.   This means the available government incentives for this segment of the population are not being paid out to those who may need it most.   Launched in 2008, a Registered Disability Savings Plan (RDSP) is a...

Belonging in our new normal(s)

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Prior to COVID-19, a sense of belonging, the experience of being accepted and included by those around you, and its correlation to employee engagement was a top priority for our credit unions. Our rich history of ”community first” lends itself to belonging. Then the pandemic began and a shift ensued: many of us are working remotely and have an increased reliance on technology. More of us are experiencing heightened stress levels, moral fatigue, uncertainty and longer hours. This places an employee’s need for belonging even...

Central 1 partners with Libro Credit Union to provide a seamless and richer digital payment experience

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As new data from a Payments Canada study on trends during COVID-19 reveals some dramatic shifts in Canadians’ payment preferences since the pandemic took effect, here at Central 1 we’re committed to providing the digital and payments innovation our clients and members need to thrive in a post COVID-19 world. “Since physical distancing restrictions began at the end of February, we...