Media Releases

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Priyal Thakrar joins Central 1 as Chief Financial Officer

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VANCOUVER, B.C., October 30, 2025 – On Thursday, November 20, Priyal Thakrar will join Central 1 Credit Union as incoming Chief Financial Officer (CFO) and will transition into the full role as CFO on December 1, 2025. Priyal Thakrar brings nearly 30 years of strategic financial and operational leadership experience across the financial services and public sectors. In his most recent...

Central 1 reports second quarter 2025 financial results

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VANCOUVER, August 28, 2025 – Central 1 Credit Union (Central 1) today reported its 2025 second quarter financials, reflecting strong results in the treasury line of business and investments for growth of the payments line of business. “Our results are showing steady performance for 2025, reflecting the renewed focus on our core payments and treasury lines of business since transferring...

Central 1 announces departure of Chief Financial Officer

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VANCOUVER, July 16, 2025 – Central 1 Credit Union (Central 1) announced today that Emma Hider, Chief Financial Officer (CFO), will be leaving Central 1 in the fourth quarter of 2025. “After much consideration, Emma has made the decision to leave Central 1, and will remain in the role to support the transition,” said Sheila Vokey, Central 1 President &...

Central 1 Announces Voting Results from 2025 Virtual Annual General and Special Meeting

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VANCOUVER, July 7, 2025 — Central 1 Credit Union (“Central 1”) is pleased to announce the voting results from its 2025 virtual Annual General and Special Meeting (“AGM”) held on June 26, 2025. Class “A” Members passed two special resolutions approving amendments to Central 1’s Constitution and Rules (“Rules”) relating to a change in Board composition and the elimination of...

Central 1 reports first quarter 2025 financial results

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VANCOUVER, May 29, 2025 – Central 1 Credit Union (Central 1) today reported its 2025 first quarter performance reflecting continued strength in its core fee-based revenue streams and a one-time provision associated with the transfer of its Digital Banking business. “This quarter, we finalized activities to support the transition of the digital banking side of our business, including the transfer...

Central 1 reports fourth quarter and fiscal 2024 financial results

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VANCOUVER, British Columbia, March 12, 2025 -- Central 1 Credit Union (Central 1) today reported its 2024 fourth quarter and year-end performance reflecting strong financial results, including total revenue of $302.9 million for the year, a notable increase compared to last year. “We achieved strong financial results in 2024, despite economic challenges and our difficult decision to wind down our...

Central 1 and Intellect Design Arena Ltd. conclude operating partnership transaction

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Digital banking operations transferred as of March 3, 2025 Vancouver, B.C. and Toronto, ON – Central 1 Credit Union (Central 1) and Intellect Design Arena Ltd. (Intellect) today announced the completion of all necessary closing activities for the operating partnership agreement in which Intellect will assume responsibility for Central 1’s digital banking operations. Effective March 3, 2025, operation of Central 1’s...

Central 1 announces the transfer of digital banking operations to Intellect Design Arena Ltd.

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Vancouver, B.C. and Toronto, ON – Central 1 Credit Union (Central 1) and Intellect Design Arena Ltd. (Intellect) today announced the signing of an agreement in which Intellect will assume responsibility for Central 1’s digital banking operations, following Central 1’s decision to wind down its digital banking offerings, announced in October 2024. Under the agreement, Central 1’s Forge, MemberDirect, public website...

Central 1 reports 2024 third quarter financial results

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VANCOUVER, November 21, 2024 – Central 1 Credit Union (Central 1) today reported third quarter performance reflecting steady financial results across business lines, consistent with plans and expectations. “Our stable third quarter results were in line with our expectations,” said Sheila Vokey, Central 1’s President & CEO. “Central 1 continues to grow its critical payments, treasury and clearing and settlement...

Central 1 concludes digital banking review

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Vancouver, B.C., October 22, 2024 – Central 1 Credit Union (Central 1) today announced its intention to wind down its digital banking business and transition clients to one or more alternative digital banking providers. Central 1’s digital banking business provides online and mobile banking applications to credit unions and other financial institutions. The decision follows a comprehensive strategic review of this...