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Central 1 reports 2024 second quarter financial results

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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

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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

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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

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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

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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

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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

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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. ...

Central 1 receives global recognition for its commitment to responsible investment

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  Central 1 is recognized for its leadership in the inclusion of social, environmental and governance factors in its investment strategies. Vancouver, B.C./Toronto, On. March 6, 2024 – Central 1 — a leading financial services provider and primary liquidity provider to Canada’s credit unions and financial institutions — is pleased to announce that it has achieved a score of over...

2024 Gary Gillam Award nominations now open

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TORONTO, ON and VANCOUVER, B.C., February 12, 2024 – 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...

Central 1 partners with Flinks to introduce open banking functionality to its credit union members and financial institution clients

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Vancouver, B.C./Toronto, On, January 24, 2024 – Central 1 — a leading financial services provider to Canada’s credit unions and financial institutions — is pleased to announce a strategic partnership with Flinks, Canada’s leader in the open, consent-based exchange of financial data. Through this partnership, Central 1 is taking an important step in enabling open banking opportunities and optionality in...