Tag: treasury

Central 1 pioneers First Home Savings Account support for financial institutions

Buying your first home is an exciting experience and a significant milestone. With the recent introduction of the First Home Savings Account (FHSA), Central 1’s Trust Services team took the lead in supporting financial institutions with an approved FHSA solution. As a centralized service partner, Central 1 collaborates closely with credit unions and financial institutions to provide essential banking services...

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

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...

3 Tips on budget planning in an uncertain inflationary environment

How much liquidity is enough for a rainy day? It’s a question on credit union leaders’ minds right now amid the backdrop of rising interest rates and pent-up consumer savings, but there are steps you can take to ensure a successful business strategy for 2022. Credit union excess liquidity remains near an all-time high compared to pre-pandemic levels due to...

Part 2- Central 1’s Brent Clode: Leading the Treasury team through a pandemic

In part 1, we learned about the events that transpired in spring 2020 when COVID-19 was declared a pandemic and how the Treasury business supported members. In part 2, we learn more about Brent’s extensive financial services experience, his role at Central 1 and the lessons learned in the past year. Drawing from experience Reflecting on the past year, only...

Central 1’s Brent Clode: Leading the Treasury team through a pandemic

We had an opportunity to sit down and interview Central 1’s Chief Investment Officer Brent Clode. In this two-part series, we get an insider’s look into how Brent and the Treasury business supported the credit union system and what transpired in spring 2020. Having worked through the dot-com bubble, 9/11 and the global financial crisis, Central 1’s Chief Investment Officer...

Securitization: Managing liquidity during an elevated mortgage lending environment

The most surprising story amidst the pandemic has been the unprecedented strength of the housing market across the country despite elevated levels of joblessness, a sharp but temporary drop off in immigration, and negative impacts to various industries.   By now the key drivers of the boom in housing demand have been well established. The pandemic resulted in policy interest rate cuts and the...