Treasury & Funding

We're primarily responsible for the management of liquidity within the B.C. and Ontario credit union systems. By providing a variety of investment products in addition to a number of funding programs, credit unions are able to satisfy their inherent needs. Central 1 also provides foreign exchange and derivative products as well as custodial and securities trading services.

Photo of computer monitors in Central 1 office

With an excellent credit rating and a solid liquidity position, we're a financially strong organization with a well-capitalized balance sheet and assets in excess of $16 billion.

We use prudent financial risk practices and enjoy the benefit of regional diversification through our role as the central credit union for more than one province. We represent more than 40 per cent of Canada’s credit unions outside of Quebec.

Investment options

Offering exceptional flexibility, our Deposit Notes are proprietary products only accessible to members. They're available in Canadian and U.S. dollars as well as other foreign currencies, including Euros and British Pounds. Although there is no secondary market for these Deposit Notes, Central 1 does provide liquidity.

With our vast portfolio of high-quality financial instruments, credit unions can buy and sell securities with Central 1 acting as custodian. Under our custodial program, members can sell securities purchased through other counterparties through Central 1.

Index-linked term deposits

Based on the S&P/TSX 60 Index, this product is offered to credit unions to sell to their members. They offer the potential for a higher return than other fixed-rate deposits; however, there is no guaranteed return. If you have purchased a three-year or five-year Central 1 term deposit from an Ontario credit union, you can check the daily return rates by clicking the links below.

Derivative & foreign exchange products

We offer a wide range of standard and non-standard derivative products, such as interest rate swaps and options to assist credit unions with their balance sheet management. We also provide foreign exchange offerings such as spot, forward and option contracts.

Get in touch with Treasury  |  1.800.661.6813 ext. 8487

 


Credit Facilities & Lending Solutions

A key financial role we play is to provide credit unions with access to credit facilities to support daily cash management, occasional borrowing and liquidity needs.

Get in touch  |  1.800.661.6813

 


Securitization & Mortgage Funding

We provide credit unions with access to residential mortgage securitization programs. These cost effective liquidity management tools are used for funding diversification, contingency planning and addressing any liquidity gaps. Among the active options available are the NHA Mortgage-Backed Securities (NHA MBS) program and the Canada Mortgage Bond (CMB) program.

Get in touch  |  1.800.661.6813

 

We represent more than 40 per cent of Canada’s credit unions outside of Quebec