Tag: Credit Union

Unlocking the benefits of enriched payment data for credit unions and their members – An interview with Payments Canada

In March 2023, Central 1 participated in the second release of Lynx, Canada's new high-value payment system, which included the implementation of the ISO 20022 financial messaging standard. Acting as a universal "common language" for payments, ISO 20022 enables the flow of richer data with each payment. The opportunities to leverage this data are important for credit unions and their...

Alterna Savings and Central 1 Recognize Community Leaders with Gary Gillam Award 

TORONTO, April 27, 2023 – At the 2023 Central 1 Member Forum & AGM, community leaders Thelma Rodriguez Cantu and Miriam Wohl were awarded the 2023 Gary Gillam Award, presented in partnership by Alterna Savings and Central 1.  Miriam (left) and Thelma (right) “The Gary Gillam award honours those individuals advocating for social responsibility within the credit union system,” said Sheila...

The open banking opportunity: Prospera Credit Union and Central 1 discuss the benefits for Canadian credit unions

Open banking is fast approaching in Canada. Financial institutions across the country are anticipating an update from the Government of Canada this year about its open banking framework. As credit unions gear up for the transition, many have questions regarding the impact of open banking on their organization and how it will affect the financial well-being of their members. We...

Emma Hider Joins Central 1 as Chief Financial Officer

VANCOUVER, B.C., February 2, 2023 – Central 1 Credit Union (Central 1) is pleased to announce that on Monday, February 6, Emma Hider will join Central 1 as Incoming Chief Financial Officer, and will transition into the full role as Chief Financial Officer (CFO) on March 15, 2023. Emma joins Central 1 from HSBC Hong Kong where as a managing...

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

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...

2021 Central 1 Annual Report Available Now

The interactive 2021 Central 1 Annual Report is now available online! 2021 was a year of improved clarity for Central 1. We adapted with resilience and a renewed focus on enabling credit unions and organizations that provide financial choice to Canadians. We introduced a new CEO, Board Chair and a new three-year corporate strategy designed to guide our work towards...

Central 1 Announces Results of 2022 Director Election Process

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

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 Gains Momentum with Forge 2.0 Adoption

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...

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

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...