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Central 1 Reports 2022 Financial Results

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VANCOUVER, B.C., March 3, 2023 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a loss of $69.6 million for the year ended December 31, 2022, compared to a profit of $45.4 million in 2021. “Our 2022 financial story is reflective of the challenging market conditions during the year which has resulted in unrealized losses on our fixed income...

Central 1 Reports 2022 Third Quarter Financial Results

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VANCOUVER, B.C. November 24, 2022 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit of $1.3 million for the third quarter (Q3) ended September 30, 2022. “We continue to support our members and clients through the effects of a slowing global economy and resulting consumer behaviours,” said Sheila Vokey, Central 1’s President and CEO. “While our year-to-date...

Central 1 Reports 2022 Second Quarter Financial Results

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VANCOUVER, B.C., August 26, 2022 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a loss of $26.2 million for the second quarter (Q2) ended June 30, 2022. “Central 1’s second quarter results reflect the impact of increasing market yields in the Canadian fixed income market,” said Sheila Vokey, Central 1 President & CEO. “While global economic challenges...

Central 1 Reports 2022 First Quarter Financial Results

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VANCOUVER, B.C., May 27, 2022 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a loss of $35.4 million for the first quarter (Q1) ended March 31, 2022. Central 1’s reported results are reflective of the impact of widening credit spreads on the mark to market valuation of its Treasury securities portfolio as compared to its deposit funding. Total...

Central 1 Reports Fourth Quarter and 2021 Results

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VANCOUVER, B.C., February 24, 2022 – Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit from continuing operations of $45.4 million for the year ended December 31, 2021, an increase of $19.1 million in profit from continuing operations compared to 2020. In 2021, Central 1 continued to focus on exploring innovation and opportunities for the growth and evolution of...

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,...

Central 1’s First Quarter 2019 Delivers Higher Financial Income

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VANCOUVER, B.C. – Central 1 Credit Union (Central 1) today announced its first quarter 2019 financial results, which saw higher financial income (up $23 million over 2018) and continued investments in strategic initiatives. “Our number one priority is to enable our clients’ success through the products and services we provide,” said Mark Blucher, President and CEO of Central 1. “Our...

Strong profit and focused strategic investment feature in Central 1’s 2018 financial results

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VANCOUVER, B.C. – Central 1 Credit Union (Central 1) today announced its fourth quarter and 2018 results, featuring robust profit and increased investment in strategic initiatives to deliver the solutions required for the future of the credit union system in Canada. “We’re investing in strategic initiatives to support credit unions as they meet the expanding expectations of Canadians for financial services...

Investor Relations

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Central 1 has size and strength. As the top choice for financial, digital banking and payment products and services across Canada, we've earned the trust of more than 300 financial institutions. Every day, more than five million Canadians use our services without having to stop and think how it all works—because it works so well.   We manage the liquidity of...