Central 1 News

Central 1 reports fourth quarter and 2020 results

Posted on
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

Posted on
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

Posted on
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)

Posted on
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

Posted on
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...

How and why Central 1 is prioritizing gender equality

Posted on
https://www.youtube.com/watch?v=bLNDvMka4rQ&feature=youtu.be This International Women’s Day, Central 1 is celebrating taking another step towards strengthening diversity and inclusion in the workplace by signing Minerva’s Face of Leadership™ Pledge, which signals a firm commitment from top-level leaders to advance gender diversity in their organizations.   This commitment is just the latest in the many plans we’ve got in place to support a diverse and inclusive...

Employee Spotlight: Janet Vu

Posted on
Meet Janet Vu our Senior Product Marketing Manager and leader behind our Women In Tech events. This summer Central 1 hosted Women in Tech, an event to bring together women in Vancouver who work in the technology centre. On Women in Tech: "I love how it creates opportunities, relationships and brings together communities of talented women across Vancouver. When I...