Media Releases

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Central 1 Announces Voting Results from 2022 Virtual Annual General and Special Meeting

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Vancouver B.C., May 5, 2022 – Central 1 Credit Union (“Central 1”) announced the voting results from its 2022 virtual Annual General and Special Meeting (AGM) held on May 3, 2022. Class “A” Members passed two of three special resolutions approving amendments to Central 1’s Constitution and Rules (“Rules”) on an electronic ballot. Also approved, by ordinary resolution on an electronic...

Central 1 launches Canada’s first Treasury Knowledge Centre for credit unions

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Vancouver B.C., April 5, 2022 – Central 1 is excited to launch the Treasury Knowledge Centre, a one-stop resource available to all Central 1 treasury members and clients and the first of its kind in Canada for credit unions. The Treasury Knowledge Centre provides access to the latest market insights and trends, treasury product knowledge and training, education resources and news...

Central 1 waives wire processing fees to Ukraine and neighbouring countries

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Vancouver B.C., March 15, 2022 – Today, Central 1 announced that it is temporarily waiving processing fees for wire transfers delivering financial assistance to Ukraine and its neighbouring countries including Poland, Romania, Hungary and Slovakia. The waiver will be effective immediately and retroactive to February 25 and supports all Central 1 members and clients, helping them provide their customers with...

Central 1 Announces Results of 2022 Director Election Process

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VANCOUVER, B.C., March 14, 2022 — Central 1 Credit Union (Central 1) is pleased to announce that three directors – including two new to the Board – have been declared elected by acclamation to Central 1’s Board of Directors and will begin three-year terms following the conclusion of Central 1’s annual general and special meeting on May 3, 2022 (AGM). Three...

2022 Gary Gillam Award Nominations Now Open

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TORONTO, ON and VANCOUVER, BC, February 16, 2022 – The Gary Gillam Award, jointly sponsored by Alterna Savings and Central 1 Credit Union (Central 1), is now open for nominations. The award recognizes and honours individuals within the British Columbia and Ontario credit union system who have reinforced co-operative values and made significant achievements in social responsibility. The nominees will...

Central 1 Board Appoints Sheila Vokey as President and CEO

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VANCOUVER, B.C., January 25, 2022 - Central 1 Credit Union (Central 1) is pleased to announce the appointment of Sheila Vokey to the role of President & CEO, effective today, January 25, 2022.  The Central 1 Board of Directors undertook an extensive executive search which included significant stakeholder engagement throughout the process. At the end of the search process, the...

Central 1 Gains Momentum with Forge 2.0 Adoption

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VANCOUVER, B.C., December 17, 2021 – Central 1 continues to build momentum with its Forge 2.0 digital banking solution, including recent launches with BC-based Coastal Community Credit Union and Ontario’s Kindred Credit Union. These implementations now bring Forge 2.0 to 117 committed clients as of today.  “The importance of delivering modern and seamless digital banking experiences to Canadians is greater than ever, and...

Central 1 reports 2021 third quarter financial results

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VANCOUVER, B.C., November 26, 2021 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit from continuing operations of $41.0 million for the first nine months of 2021, an increase in profit of $18.2 million for the first nine months of 2021, compared to the same period last year. For the third quarter (Q3) ended September 30,...

Join Central 1 and Canadian credit unions in our support for the Canadian Red Cross and BC flood relief and recovery efforts

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VANCOUVER, BC, November 24, 2021 – As community-based financial institutions with deep roots in the areas we serve, credit unions have a long history of coming together to support Canadian communities. Recently, a severe storm occurred resulting in flooding, landslides, mudslides, power outages and other incidents across the South Coastal and Interior regions of British Columbia. With relief and recovery...

Central 1 Unveils Latest Digital Banking Experience on Forge Digital Banking Platform with First West Credit Union  

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VANCOUVER, BC, November 18, 2021 – Central 1 is pleased to announce the successful launch of the latest versions of Online Banking, Mobile App and Small Business on the Forge Digital Banking Platform. Achieved with First West Credit Union across all of its regional brands: Envision Financial, Valley First, Island Savings and Enderby & District Financial, these milestones further position the platform as a leading digital solution for financial...