The Hub: News & Events for January 28

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January 28, 2020


Central 1 News 

Central 1 makes strides towards delivering Lynx to the credit union system; secures Lynx settlement account from the Bank of Canada
Central 1 Credit Union (Central 1) has completed a significant milestone in preparing for and delivering on Payments Canada's Payments Modernization Program by becoming the first and only institution in the credit union system to secure a Lynx settlement account from the Bank of Canada.

Interest Rate Forecast
• Bank of Canada holds on rates
• Canada's economy in temporary weak growth period followed by rebound
• Global economy in early stages of stabilizing
• Significant coronavirus disruption possible in short-term
Central 1 Events

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


Increased demand drives B.C. home sales recovery (Business in Vancouver)- featuring Central 1's Bryan Yu

U.S. business investment weak; consumer confidence at five-month high (Reuters)

As U.S. Men Lag in Job Market, Their Canadian Peers Win Big (Bloomberg) *subscription required

Thieves steal over $50K in ATM hacks north of Montreal (CBC)

Credit Union News
IT PAYS TO BANK WITH A CREDIT UNION- Kootenay Savings (Press Release)

Community Savings Signs Domestic Violence Agreement- (Press Release)

Industry Events

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


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