Tag: investor relations

Central 1 Reports 2022 Financial Results

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 Invests in Ukraine Sovereignty Bond

Central 1 is pleased to announce its $5 million investment in the Government of Canada’s Ukraine Sovereignty Bond. An amount equal to the proceeds from the bond will directly support the Government of Ukraine to provide essential services to Ukrainians, such as pensions, purchasing of fuel before winter and restoring energy infrastructure. “Central 1 is grateful for the opportunity to...

Central 1 Reports 2022 Third Quarter Financial Results

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

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

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...

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 Reports Fourth Quarter and 2021 Results

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’s First Quarter 2019 Delivers Higher Financial Income

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...

Central 1 Announces Elected and Appointed Members to its Board

VANCOUVER, BC — Central 1 Credit Union (Central 1) is pleased to announce the re-election of Bill Kiss and the election of Mary Falconer and Cheryl Wallace to Central 1’s Board of Directors (Board). In addition, Meridian Credit Union Limited has elected to appoint Sunny Sodhi to Central 1’s Board. Each director will serve a three year term commencing at...

Central 1 Credit Union to redeem $200 million of Series 4 Subordinated Notes

VANCOUVER, B.C. – Central 1 Credit Union (Central 1) today announced that on April 25, 2019 it will redeem at par all of its issued and outstanding Series 4 Subordinated Notes due April 25, 2024 (the Notes). The Notes are redeemable at Central 1's option on or after April 25, 2019 at a redemption price per Note equal to par,...