Media Releases

Central 1  /  In the News  /  Media Releases

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

Posted on
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

Posted on
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

Posted on
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...

Central 1 reports 2024 second quarter financial results

Posted on
VANCOUVER, August 23, 2024 – Central 1 Credit Union (Central 1) today reported its second quarter performance reflecting stable results consistent with strategic plans and expectations. “Led by strong treasury performance and robust payments results, Central 1’s second quarter financial performance remained stable and in line with expectations,” said Sheila Vokey, Central 1’s President and CEO. “With our core focus...

Central 1 reports 2024 first quarter financial results

Posted on
VANCOUVER, May 30, 2024 – Central 1 Credit Union (Central 1) today reported its first quarter performance reflecting strong financial results across business lines consistent with plans and expectations. “Central 1’s financial performance for the first quarter of 2024 remained stable,” said Sheila Vokey, Central 1’s President and CEO. “As we continue to monitor market forces and trends, our internal efforts...

Alterna Savings and Central 1 announce 2024 Gary Gillam Award recipients

Posted on
VANCOUVER, B.C./TORONTO, On, April 25, 2024 – Alterna Savings and Central 1 Credit Union (Central 1) are pleased to announce community leaders Aimee Blyth and Maureen Young as the recipients of the 2024 Gary Gillam Award. Aimee (left) and Maureen (right) Established in 1996 and jointly sponsored by Alterna Savings and Central 1, the  Gary Gillam Award recognizes individuals within the...

Central 1 supports the Credit Union System Open Banking Solution provided by Caspian One

Posted on
VANCOUVER, B.C./TORONTO, On, April 24, 2024 – Central 1 — a leading financial services provider to Canada’s credit unions and financial institutions — is working with the Large Credit Union Coalition (LCUC) to enable the Credit Union System Open Banking Solution through Caspian One.  Central 1 is supportive of this solution because it is designed specifically for the requirements of...

Central 1 announces results from 2024 Annual General Meeting

Posted on
VANCOUVER, April 23, 2024 — Central 1 Credit Union (“Central 1”) is pleased to announce the resolution set out in the 2024 Annual General Meeting & Meeting Information Notice dated March 22, 2024, for the 2024 Annual General Meeting held on April 16, 2024 (the ''Meeting''), has been approved by its members.  Class A members passed by ordinary resolution the appointment of...

Central 1 announces results of 2024 Director Election process

Posted on
VANCOUVER/TORONTO, April 2, 2024 — Central 1 Credit Union (Central 1) is pleased to announce that four directors have been declared elected / re-elected to Central 1’s Board of Directors and will begin three-year terms following the conclusion of Central 1’s annual general meeting on April 16, 2024 (AGM). Four seats were available in this year’s election, two in Central...

Central 1 reports 2023 financial results

Posted on
VANCOUVER, B.C., MARCH 21, 2024 – Central 1 Credit Union (“Central 1” or the “organization”) reported a consolidated net income of $25.4 million for the year ended December 31, 2023, compared to a net loss of $69.6 million in 2022.  2023 consolidated results compared to 2022:  Net income of $25.4 million, compared to a net loss of $69.6 million in 2022. ...