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Central 1 announces results of 2024 Director Election process

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VANCOUVER/TORONTO, April 2, 2024 — Central 1 Credit Union (Central 1) is pleased to announce that four directors have been declared elected / re-elected to Central 1’s Board of Directors and will begin three-year terms following the conclusion of Central 1’s annual general meeting on April 16, 2024 (AGM). Four seats were available in this year’s election, two in Central...

Central 1 reports 2023 financial results

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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. ...

Celebrating cooperative impact with the Gary Gillam Award  

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Credit unions serve as the pillars of community-driven financial services, grounded by the seven cooperative principles. In a time when Canadians are increasingly focused on improving their financial well-being, credit unions emerge as trusted allies they can rely on to navigate through challenging macroeconomic times.   What are the cooperative principles?   Written in 1844, The Rochdale Equitable Pioneers Society founded...

Beyond banking: An interview with Central 1 Treasury leader, Natalie Ebanks

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In a 2023 study by DBRS Morningstar, it was reported that 44% of leaders of credit unions and smaller financial institutions were women, a notable contrast to the 33% representation within traditional banks. These numbers not only signal progress but also inspiration demonstrating that credit unions are ahead of the curve in creating more inclusive and empowering workplaces in a...

Early-bird registration is now open for Momentum 2024! 

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Don't miss out on early-bird savings for Momentum 2024. Register on our event website to save 30 per cent off registration fees and secure your spot. When: October 28-30, 2024 Where: The Westin Harbour Castle Hotel, Toronto What to expect:   Future-focused stage discussions, led by industry experts  Two networking receptions with fellow decision-makers  Partner exhibit hall showcasing the latest innovations...

Central 1 receives global recognition for its commitment to responsible investment

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  Central 1 is recognized for its leadership in the inclusion of social, environmental and governance factors in its investment strategies. Vancouver, B.C./Toronto, On. March 6, 2024 – Central 1 — a leading financial services provider and primary liquidity provider to Canada’s credit unions and financial institutions — is pleased to announce that it has achieved a score of over...

2024 Gary Gillam Award nominations now open

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TORONTO, ON and VANCOUVER, B.C., February 12, 2024 – The Gary Gillam Award, jointly sponsored by Alterna Savings and Central 1 Credit Union (Central 1), is now open for nominations. The Gary Gillam award was established in 1996 and is awarded annually to recognize individuals within the British Columbia and Ontario credit union systems who have demonstrated co-operative values and made...

Central 1 partners with Flinks to introduce open banking functionality to its credit union members and financial institution clients

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Vancouver, B.C./Toronto, On, January 24, 2024 – Central 1 — a leading financial services provider to Canada’s credit unions and financial institutions — is pleased to announce a strategic partnership with Flinks, Canada’s leader in the open, consent-based exchange of financial data. Through this partnership, Central 1 is taking an important step in enabling open banking opportunities and optionality in...

Save the date: Momentum 2024 to take place October 28-30 in Toronto

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Central 1 is pleased to announce that Momentum 2024 — our annual conference — will be taking place at The Westin Harbour Castle in Toronto from October 28 to 30. At the 2023 event in Vancouver last November, Central 1 welcomed more than 400 credit union leaders and industry experts who engaged in deep discussion about the important factors and...

Central 1 pioneers First Home Savings Account support for financial institutions

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Buying your first home is an exciting experience and a significant milestone. With the recent introduction of the First Home Savings Account (FHSA), Central 1’s Trust Services team took the lead in supporting financial institutions with an approved FHSA solution. As a centralized service partner, Central 1 collaborates closely with credit unions and financial institutions to provide essential banking services...