Home  /  In the News  /  Industry News

Industry 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...

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

Posted on
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...

Millennials Are Investing More Now Than Ever Before – Why?

Posted on
It’s been widely reported that millennials have resisted investing, instead favoring low risk savings accounts and term deposits to save for retirement. This risk adverse approach can have a dramatic effect on returns over time. An analysis using a simple online savings calculator puts the potential cost of dodging investments (I.e.: not investing in the markets) in the millions by...

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

Posted on
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

Posted on
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

Posted on
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

Posted on
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

Posted on
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!

Posted on
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...

White Paper: The Digital Cooperative Bank

Posted on
  At Central 1’s recent Member Forum and webinar on New Trends in Banking, we received a tremendous response from our members and clients about your interest in the impact of digital disruption on the financial services industry. In follow up to these presentations, we are pleased to share with you the attached white paper, The Digital Cooperative Bank: a...