The Hub: News & Events for January 22

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January 22, 2020


Central 1 News 

Coastal Community Credit Union launches redesigned website
To provide visitors with an even better online experience, Coastal Community Credit Union has redesigned its website, The modernized site is easier to use, mobile-optimized, and features financial resources to help with any number of life stages and events. Coastal Community is using Central 1's Forge platform to power the new Innovative and user-focused, Forge is the digital solution that will help Coastal Community amplify its purpose—to help people improve their financial health. 

Bank of Canada Rate Announcement
The Bank of Canada stayed the course on interest rates by maintaining its target for the overnight rate at 1.75 per cent. The Bank cited signs of stabilization in the global economy, recent trade deals, and stronger global activity and demand in the future as positive external factors. Domestically, the Bank expects a pickup in household spending, housing and business investment with infl ation staying around two per cent. Overall, the Bank's tone was  more positive but tempered with the caveat of risks around trade and geopolitical tensions, household debt, and uncertain growth prospects.  

Central 1 Events
Candidate Information Session
2020 Director Nominations and Elections process
Monday, January 27, 2020
10:00 a.m. - 11:00 a.m. (PT) / 1:00 p.m. - 2:00 p.m. (ET)
Join Microsoft Teams Meeting
+1 604-900-0105 Canada, Vancouver (Toll)
+1 647-749-7010 Canada, Toronto (Toll)
(833) 724-8264 Canada (Toll-free)
Conference ID: 195 985 943#

Member Forum & AGM 2020
Central 1 members are invited to join us for two days of interactive sessions on current and emerging issues for credit unions in Canada.
April 27 & 28
The Westin Ottawa
Ottawa, ON

Momentum 2020
Momentum is an opportunity to discuss the tremendous disruption facing the financial services industry and collaborate on collective strategies.
September 20 – 22
Parq Vancouver
Vancouver, BC
Button to Credit Union Careers
Button to Central 1's Economic Insights
Button to our Annual Research Package

Industry News

Canada's annual inflation rate holds steady at 2.2% (Reuters)

Bank of Canada Opens Door to Rate Cut on Persistent Slowdown (Bloomberg) 

Facebook spurred central banks to study digital currencies: former Japan central banker (Reuters) 

Bank of England to consider adopting cryptocurrency (The Guardian) 

Google finds security flaws in Apple's web browser: FT (Reuters)


Industry Events

January 27, 2020 
Co-op & Credit Union Governance Summit

Terminal City Club
Vancouver,  BC

Save the date: Sunday, May 3 - Wednesday, May 6, 2020 
National Conference for Canada's Credit unions
Telus Convention Centre
Calgary, Alberta
Registration Opens: February 20, 2020 (link to follow)

June 7-12, 2020
Credit Union Development Education Leadership Program

Saint Mary's University
Halifax, NS


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Central 1 Credit Union, All rights reserved.

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