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B.C.’s ongoing recovery to persist through 2021 and beyond, but slow growth scenario expected

Posted on September 9, 2020

B.C.’s ongoing recovery to persist through 2021 and beyond, but slow growth scenario expected Vancouver, B.C., September 9, 2020 – HIGHLIGHTS B.C.’s economy to contract by 6.1 per cent in 2020 with a recovery trend lifting growth to 4.0 per cent in 2021 Moderate economic growth of 3.4 per cent forecast in 2022 and 2.2 per cent in 2023 Economic...

Central 1 and ASAPP partner to deliver Integrated Account and Lending Origination for Forge Digital Banking Platform Clients

Posted on September 3, 2020

VANCOUVER, BC and TORONTO, ONT, September 3, 2020 – Central 1 and ASAPP Financial Technology are partnering to release a new widget utilizing the Forge Archetype 2 (secure authenticated container) format, in support of the ASAPP 11.0 account and lending origination product release. This contribution will simplify certain activities such as new account setups and loan applications, making for a...

Sales growth to cool but fewer new listings will keep housing market tight and prices firm

Posted on August 26, 2020

Toronto, O.N., August 26, 2020 – HIGHLIGHTS Home ownership market on fire this summer but set to cool off Home sales to decrease by 2.9 per cent in 2020 before rebounding by 5 per cent in 2021 Housing starts – currently tracking 14.7 per cent above last year’s pace – set to decline by 1 per cent in 2020, before...

Central 1 reports 2020 second quarter financial results

Posted on August 21, 2020

VANCOUVER, B.C., August 21, 2020 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit after tax of $72.0 million for the second quarter (Q2) ended June 30, 2020, compared to a profit after tax of $12.7 million in the same period in 2019. Following the extreme widening of credit spreads in the first quarter of 2020, Central 1’s second quarter financial performance was positively impacted by a significant narrowing of these spreads, which led...

Central 1 Presents the First Third Party Widget Available on the Forge Digital Banking Platform with Do Some Good

Posted on May 20, 2020

Central 1’s Forge Digital Banking Platform offers fintechs and digital innovators the freedom to build widgets and capabilities to further the Canadian digital banking experience VANCOUVER, BC, May 20, 2020 – Central 1 has debuted the Forge Digital Banking Platform’s Forge Community with its first third party widget developed in collaboration with Do Some Good. Forge Community - the integrated digital ecosystem...

Central 1 Selected as Digital Banking Partner of Choice by League Data

Posted on January 9, 2020

Central 1’s Forge Digital Banking Platform offers Canadians an elevated digital experience in today's ever-evolving fintech landscape VANCOUVER, BC, January 9, 2020 – Central 1 is pleased to announce that League Data Ltd. - an organization providing information technology services and support to 46 credit unions in 140 locations across Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador - has chosen...

Central 1 reports third quarter 2019 financial results

Posted on November 22, 2019

Central 1 reports third quarter 2019 financial results VANCOUVER, B.C., November 22, 2019 – Central 1 Credit Union (Central 1) reported profit after tax of $5.7 million in the third quarter ended September 30, 2019, compared to a very strong third quarter 2018 profit after tax of $19.3 million. Net financial income was $17.8 million compared to $27.3 million...

Central 1 Announces the Winners of the Inaugural 2019 AmpliFI Awards

Posted on September 10, 2019

Recognizing technology leadership in Canada’s small and medium-sized financial institutions VANCOUVER, B.C., September 10, 2019 – Central 1 Credit Union (Central 1) announced the winners of its first annual AmpliFI Awards at its Momentum 2019 conference. The Awards recognize and celebrate the exceptional work and results by financial institutions across Canada in an increasingly competitive market. The 2019 AmpliFI Awards...

Central 1 report finds B.C. economy affected by fragile global economy

Posted on August 15, 2019

B.C. Economic Outlook 2019 – 2022 BRITISH COLUMBIA, August 15, 2019 - B.C.’s economy proves it is not immune to the fragile state of the global economy as it suffers the flow-on effects of weakening trade, growth expectations and investment, according to Central 1’s latest B.C. Economic Outlook. Central 1 Deputy Chief Economist, Bryan Yu, said that external global trade...

Central 1 debuts solution set to transform how your members move money internationally

Posted on August 7, 2019

B.C.’s Sunshine Coast Credit Union will be the first credit union to offer the innovative solution integrated into their online banking system that will enable members to move money globally quickly, cheaply and conveniently. VANCOUVER, B.C., August 7, 2019 - Central 1 today announced the launch of the new product ‘International Transfers’ which enables credit union members to move money...