The Hub: News & Events for June 21, 2019

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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

 
Button to Credit Union Careers
Button to Central 1's Economic Insights
Forge
Button to our Annual Research Package

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
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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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