The Hub: News & Events for June 21, 2019

View this email in your browser June 21, 2019   Central 1 News  Opening the Door on Open Banking Read Central 1's latest white paper, From Enabler to Profit Earner on the growth of opening banking. (You'll find it in Insights Updates). Says Central 1 CEO Mark Blucher, "Digital leads the way and now we're on the cusp of an even bigger disruption to how financial services are structured and delivered." Economic Commentary - Toronto/Hamilton Housing Speculation Chief Economist Helmut Pastrick looks at house flipping in the Toronto and Hamilton Census Metropolitan Areas (CMAs). Some highlights:  Speculation wanes according to holding period measure Inconsistent statistical relationship with prices Fundamental factors more important for prices    Operations Manual Program: Politically Exposed Person Statement, Form 2351, Revised (BC Releases) (login required)   ​Form 2351, (Politically Exposed Person Statement), and The Proceeds of Crime (Money Laundering) and Terrorist Financing Act — Establishing AML Compliance Policies Part have been revised to remove references which use the term "international" to encompass all types of wire transfers.    Operations Manual Program: Politically Exposed Person Statement, Form 2351, Revised (Ontario Releases) (login required) Form 2351, (Politically Exposed Person Statement), and The Proceeds of Crime (Money Laundering) and Terrorist Financing Act — Establishing AML Compliance Policies Part have been revised to remove references which use the term "international" to encompass all types of wire transfers.    Return Processing for Canada Day Holiday 2019 ALL (login required)  ​​​​​​For a detailed listing of Cheque Return Processing and AFT processing timeframes for B.C. and Ontario during the upcoming Canada Day holiday, please see the following document.     2019 Canada Day cash orders through Secure Site (B.C. and Ontario) (login required)  ​Central 1 will be closed on Monday, July 1, 2019 to observe the Canadian statutory holiday.   Central 1 Events September 8-10, 2019 Momentum Summit & Trade Show  (including AmpliFI Awards Ceremony) Westin Harbour Castle, Toronto   October 28-29, 2019 PeopleFocus 2019 Coast Coal Harbour Hotel, Vancouver   Industry News Credit unions B.C. credit unions raise more than $340,000 for vital equipment at B.C. Children's Hospital (Press release) Metro home sales, B.C. employment up in May (Business in Vancouver) - Central 1 Deputy Chief Economist Bryan Yu's weekly column Servus Credit Union Big Share – Meet Alberta's Latest Winning Millionaire (Press release) Fraud Personal data of 2.7 million people leaked from Desjardins (CBC) Housing / real estate Data paints 'compelling' picture of foreign money skewing Vancouver housing market (Business in Vancouver) Only 14% of homeowners are Millennials in BC and Ontario. Can new government initiatives help? (Livabl) Economics Statistics Canada says retail sales edged up 0.1 per cent in April (CTV) Central banks are creating a horde of zombie investors (BNN Bloomberg) Technology Credit Unions Find Friendly Ground With FinTech Firms (PYMNTS)   Industry Events July 28-31, 2019 World Credit Union Conference The Atlantis Resort, Bahamas   September 15-17, 2019 CULA Conference - Transformative Leadership White Oaks Conference Resort Niagara-on-the-Lake, ON October 3 – 5, 2019 35th Annual Credit Union Directors' Forum   "Good Governance: The Future of Ontario's Credit Unions" Hilton Mississauga/Meadowvale October 21-22, 2019 Everlink Connections 2019 Hilton Toronto Have some credit union news or events? To submit items email newslist@central1.com *please include an URL to the requested item Copyright © 2018 Central 1 Credit Union, All rights reserved. Unsubscribe from The Hub The Hub is brought to you by Member & External Communications. Questions or feedback regarding The Hub? Email communications@central1.com. Unsubscribe from all commercial messages from Central 1  Please note: this option will remove you from all future Central 1 communications. Should this message not be applicable to you, we encourage you to unsubscribe from this list only.

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