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Central 1’s Momentum 2023 summit concluded today

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The concluding day of Momentum 2023 was nothing short of engaging and energizing. The day kicked off with a panel moderated by Sheila Vokey, Central 1 President and CEO and joined by credit union leaders Brian Harris, President and CEO of Interior Savings; Launi Skinner, CEO, First West Credit Union; and Dennis Alvestad, CEO, Copperfin Credit Union. They shared their...

Central 1’s Momentum 2023 summit kicked off today in Vancouver with an engaging and thought-provoking agenda

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Sheila Vokey, President and CEO of Central 1, spoke about credit unions’ positive impact and collaboration strength in her opening remarks, stating “There is a huge cohort of champions out there who believe in what we are doing together. Who believe in competition. Who believe in a better system for Canadians. Who believe Canadians deserve to have options. And who...

Central 1’s Momentum 2023 Summit agenda is now available

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Momentum 2023, Central 1’s annual conference, offers a unique chance to gain profound insights from top industry leaders, engage in interactive breakout sessions and join discussions at thought-provoking panels. This year’s event is expected to attract more than 350 credit union leaders and financial industry experts in treasury, payments and banking technology. Our session lineup features industry experts showcasing how...

Central 1 reports 2023 second quarter financial results

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Second quarter 2023 highlights (versus second quarter, 2022): Profit of $18.5 million, compared with loss of $26.2 million Net financial income of $42.2 million, compared with net financial expense of $25.3 million Return on average equity1 of 5.1 per cent, compared with negative 7.3 per cent Year-to-date 2023 highlights (versus year-to-date, 2022): Profit of $19.7 million, compared with loss of...

Save the date: join more than 400 credit union leaders and financial industry experts at Momentum 2023

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Momentum 2023, Central 1’s annual conference will return November 27-29 to Vancouver’s Fairmont Hotel Vancouver. What you can expect from Momentum 2023: Deep insights and discussions on diverse topics shaping our industry Access to plenary sessions and panels featuring high-profile speakers, focused workshops and an interactive exhibit hall Professional content that will allow you to tap into collective expertise and...

DUCA Credit Union on building a profit-sharing rewards program via Central 1’s innovation platform, Forge Community

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Central 1 welcomed several new fintechs and credit unions this year to Forge Community, an innovation hub intended to accelerate the pace of innovation and value-add experiences for credit union members. This month, we announced the latest deployments from Forge Community, including news about DUCA Credit Union, who leveraged the ecosystem to introduce a new profit-sharing rewards program for their 92,000...

Fintechs and credit unions launch new offerings from Central 1’s innovation platform

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DUCA, First West and thirdstream lead 2023 deployments from Forge Community VANCOUVER, B.C., June 12, 2023 – Central 1 today announced the latest deployments from its innovation hub, Forge Community. DUCA, a credit union participant that joined the collaborative platform last year, launched a new profit-share rewards program for their more than 92,000 members. Credit union First West, in partnership...

Unlocking the benefits of enriched payment data for credit unions and their members – An interview with Payments Canada

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In March 2023, Central 1 participated in the second release of Lynx, Canada's new high-value payment system, which included the implementation of the ISO 20022 financial messaging standard. Acting as a universal "common language" for payments, ISO 20022 enables the flow of richer data with each payment. The opportunities to leverage this data are important for credit unions and their...

Central 1 reports first quarter financial results

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VANCOUVER, B.C. May 26, 2023 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit of $1.3 million for the first quarter (Q1) ended March 31, 2023, up $36.7 million from the same quarter one year prior. Q1 2023 results compared to Q1 2022: Profit of $1.3 million, compared to a loss of $35.4 million in Q1 2022...

Central 1 announces results from 2023 Annual General and Special Meeting

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For immediate release VANCOUVER, May 15, 2023 — Central 1 Credit Union (“Central 1”) is pleased to announce that all matters set out in the Information Notice, dated March 30, 2023, for the 2023 Annual General and Special Meeting held on April 26, 2023 (the ''Meeting'') were approved by members. Class A Members passed a special resolution approving amendments to Central 1’s Constitution...