The Hub: News & Events for October 18, 2018

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Central 1 News you need to know

Momentum 2018
Are you prepared for Payments Modernization coming to financial institutions? Consumers expect cheap, fast and easy payments. Hear about what we're doing at Central 1 and what you need to do to be ready.

Ontario economy expected to slow as consumer demand stumbles, according to new Central 1 report
Ontario's economy slows and is expected to grow less than two per cent annually in 2019 and 2020, according to the latest Central 1 Credit Union (Central 1) forecast. The report covers residential investment, employment, economic and population growth, as well as trade.

Advisory: Origination Solutions Core Release (login required)
Central 1 has scheduled an Origination Solutions release for November 1, 2018. The installation will occur at 1 a.m. PT /4 a.m. ET. As with all Origination Solutions releases, Central 1 conducts thorough internal testing to ensure a quality release.

PaymentStream™ Advisory: Central 1 Banking System Online - AFT Settlement and AFT Clearing Filename (login required)
This communication is to advise of an enhancement to the Central 1 Banking System (CBS) Online Account Activity page for Automated Funds Transfer (AFT) Settlement as of October 21, 2018. 
Central 1 Events
October 18-20, 2018
2018 Fall Peer Group Meeting:
Peer Group 1

Prince George, BC

October 25-27, 2018
2018 Fall Peer Group Meeting:
Peer Group 3

Cranbrook, BC
Parq, Vancouver

November 16-17, 2018
2018 Fall Peer Group Meeting:
Peer Group 2

Summerland, BC

Industry News

Credit Unions
$10,000 Local Give Is Back for a Third Year (Interior Savings Press Release)

2018 Credit Union Community & Economic Impact Report Now Available  (CCUA)

Little hope seen for oil patch activity as steep price discounts continue (BNN)

Loonie Bulls Undeterred by Plummeting Price of Canadian Crude (Bloomberg)

Federal government's tariff relief plan faces criticism; Morneau says 50 firms tariff-free (CBC)

Growing corporate debt risk has 'echoes of last crisis,' Bank of England warns (Vancouver Sun)

Labour Market
Ontario's Basic Income Trial Gets The Backing Of Nearly 100 CEOs (Huffington Post)

Canada to host G7 conference on artificial intelligence in Montreal in December (Financial Post)

A Look Inside Switzerland's Plans To Bank Crypto Businesses (


Industry Events

October 18-19, 2018
IAFCI Annual Training Seminar
UBC Robson Square, Vancouver

October 19-21, 2018
CUNA National Credit Union Roundtable for Board Leadership
Vancouver, BC

November 1, 2018
CUSource - Cannabis at work: challenges for credit unions

November 5-6, 2018
Everlink Payment Services - Connections 2018
Hilton, Toronto

November 5-6, 2018
Hike the Hill 2018
Ottawa, ON


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Central 1 Credit Union, All rights reserved.

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Central 1 Credit Union - Member & External Communications · 1441 Creekside Drive · Vancouver, Bc V6S 4J7 · Canada


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