Industry News

Building a sustainable future: Your path to responsible investment

According to new data from the 2023 Canadian Responsible Investment (RI) Trends Report, responsible investment is increasingly becoming table stakes for investors, and investment organizations are integrating RI approaches more fully. The proportion of RI asset under management among all Canadian professionally managed assets increased by two points to 49 per cent last year. Serving as the primary liquidity provider...

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

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...

The open banking opportunity: Prospera Credit Union and Central 1 discuss the benefits for Canadian credit unions

Open banking is fast approaching in Canada. Financial institutions across the country are anticipating an update from the Government of Canada this year about its open banking framework. As credit unions gear up for the transition, many have questions regarding the impact of open banking on their organization and how it will affect the financial well-being of their members. We...

Take part in Central 1 People Solutions’ 2020 Canadian Credit Union Compensation Survey

Central 1 has launched our annual Canadian Credit Union Compensation Survey on a new platform and we’re asking all credit unions to take part. The information collected will be compiled and made available in the 2020 Canadian Credit Union Compensation Report(s) later this year. Information and data protection continues to be a top priority at Central 1. That’s why this...

Central 1 goes global with new ‘International Transfers’ product, simplifying cross-border transactions for Canadians

A leading digital solution, International Transfers enables Canadians to easily, seamlessly move money cross border, 24/7 through their credit union VANCOUVER, BC, September 11, 2019 – Central 1 today announced the nationwide launch of its newest product, ‘International Transfers’—a made-in-Canada solution for Central 1 clients that gives Canada’s credit union members the ability to move money cross-border any day, at...

Central 1 Launches Full Suite of Digital Products Transforming Digital Offering

Using Central 1’s Forge Digital Banking Platform, credit unions and other financial institutions can offer Canadians leading digital experiences in today's fast-evolving fintech landscape VANCOUVER, BC, August 1, 2019 – Central 1 Credit Union is pleased to announce the launch of its full retail suite on the Forge Digital Banking Platform– comprised of public website, mobile banking app, and online...

2019 Gary Gillam Award nominations accepted through March 15

TORONTO, Ont. – The Gary Gillam Award, jointly sponsored by Alterna Savings and Central 1 Credit Union (Central 1), recognizes and honours individuals within the Ontario and British Columbia credit union movement who demonstrate exemplary achievements in: Promoting social responsibility and/or sustainability in credit unions Promoting credit unions as a socially responsible investment alternative. Up to two awards may be presented...

Coast Capital Savings Approved to Become a Federal Credit Union

October 30, 2018 - Central 1 congratulates Coast Capital Savings for receiving approval to become a federal credit union by Minister of Finance Bill Morneau, effective November 1, 2018. “We know that Canadians value the alternative to traditional banks that our members provide, and as Coast expands to offer a cooperative, values-based model nationally, we’re delighted to continue to be...

Central 1 Launches Canada’s First Authenticated Voice Banking Service

Vancouver, BC – August 14, 2018 – Canada’s first-ever authenticated voice banking service using Amazon Alexa, launches from creator Central 1 today. Central 1 clients - Innovation Credit Union and Conexus Credit Union - are piloting the technology that allows customers to use their voice to command actions for their bank accounts, as if Amazon Alexa were a customer service...

Reminder: Take the Payments Modernization Awareness Survey by July 13th!

Payments Modernization is a multi-year project that will revolutionize the payments landscape in Canada, and have major impacts on the Canadian credit union system. This survey was designed by Group Clearer to better understand the awareness level of Payments Modernization in the credit union system, so that we can best help you prepare for upcoming changes. The Payments Modernization Awareness...