Central 1 News

Central 1  /  In the News  /  Central 1 News

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

Posted on
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

Posted on
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

Posted on
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

Posted on
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...

Alterna Savings and Central 1 Recognize Community Leaders with Gary Gillam Award 

Posted on
TORONTO, April 27, 2023 – At the 2023 Central 1 Member Forum & AGM, community leaders Thelma Rodriguez Cantu and Miriam Wohl were awarded the 2023 Gary Gillam Award, presented in partnership by Alterna Savings and Central 1.  Miriam (left) and Thelma (right) “The Gary Gillam award honours those individuals advocating for social responsibility within the credit union system,” said Sheila...

2022 Central 1 Annual Report Available Now

Posted on
The interactive 2022 Central 1 Annual Report is now available online  While 2022 brought significant change and uncertainty, it also created opportunities for Central 1 to reset, enhance and expand our offerings to better serve our members and clients, and work towards our purpose of enabling a thriving credit union system.  Each year, Central 1 releases our annual report to...

Central 1 Reports 2022 Financial Results

Posted on
VANCOUVER, B.C., March 3, 2023 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a loss of $69.6 million for the year ended December 31, 2022, compared to a profit of $45.4 million in 2021. “Our 2022 financial story is reflective of the challenging market conditions during the year which has resulted in unrealized losses on our fixed income...

Central 1 Announces Results of 2023 Director Election Process

Posted on
VANCOUVER, B.C., February 22, 2023 — Central 1 Credit Union (Central 1) is pleased to announce that four directors have been declared elected by acclamation to Central 1’s Board of Directors and will begin three-year terms following the conclusion of Central 1’s annual general and special meeting on April 26, 2023 (AGM). Four seats were available in this year’s election, two...

2023 Gary Gillam Award Nominations Now Open

Posted on
TORONTO, ON and VANCOUVER, B.C., February 10, 2023 – 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...

Emma Hider Joins Central 1 as Chief Financial Officer

Posted on
VANCOUVER, B.C., February 2, 2023 – Central 1 Credit Union (Central 1) is pleased to announce that on Monday, February 6, Emma Hider will join Central 1 as Incoming Chief Financial Officer, and will transition into the full role as Chief Financial Officer (CFO) on March 15, 2023. Emma joins Central 1 from HSBC Hong Kong where as a managing...