The Hub: News & Events for May 2, 2019

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May 2, 2019


Central 1 News 

Distinguished Service Awards presented by Credit Union Foundation of BC
On behalf of the Credit Union Foundation of BC, Central 1 congratulates Emmet McGrath, former board Director of Westminster Savings, and Jeremy Trigg, Director of Facility and Environmental Management at Vancity, as recipients of the 2019 Distinguished Service Awards. The bi-annual awards recognize individuals who have made significant contributions to credit unions in B.C.

Special Economic Measures Act/Canadian Sanctions  (login required)
Canadian Credit Union Association (CCUA) Regulatory Compliance supports the reporting requirements under the Special Economic Measures Act (SEMA), the United Nations Act (UNA)and the Freezing Assets of Corrupt Foreign Officials Act (FACFOA). Learn more.  

MemberDirect Advisory: MD Core Release 586 
(login required)
Central 1 has scheduled a MemberDirect and PaymentStream Direct Core release for May 8, 2019. The release will be performed in a manner that minimizes customer impact by ensuring all servers are updated at different times. The installation will occur at 1 a.m. PT/4 a.m. ET and may impact your customers for up to 30 minutes. 

Central 1 Events

September 8-10, 2019
Momentum Summit & Trade Show
Westin Harbour Castle, Toronto

(Save the date)
Button to Credit Union Careers
Button to Central 1's Economic Insights
Button to our Annual Research Package

Industry News

Credit unions
Interest-rate bonuses are how online banks pretend to be competitive (Globe & Mail) - Mentions Motusbank and Alterna Bank.

Nelson & District Credit Union celebrates 68th Annual General Meeting (Press release)

Fed's Powell offers sharp but nameless rebuke of Trump's calls for rate cuts: Don Pittis (CBC)

Poloz says interest rates will rise if headwinds dissipate (BNN Bloomberg)


Central Banks Use Blockchain for First Time to Swap Currency (Bloomberg)

Bank Of England Mulls Blockchain Amid 'Fourth Industrial Revolution' (PYMNTS)

Housing/Real estate
CMHC says overall housing market no longer highly vulnerable after prices ease (The Star)

Vancouver home sales sink 29.1% in April (BNN Bloomberg)

Mansions languish, condos pop as Toronto homes sales face spring test (BNN Bloomberg)

Canada's Mortgage Stress Test 'Sidelined' 40,000 Homebuyers: TD Bank (Huffington Post)


Industry Events

May 5-8, 2019
2019 National Conference for Canada's Credit Unions
Winnipeg Convention Centre

May 7-9, 2019
Enhancing Business Performance through Co-operative Management Strategies
Saint Mary's University
Winnipeg, MB

June 9-14, 2019
CanadaDE Credit Union Leadership Program
Saint Mary's University
Halifax, NS

September 15-17, 2019
CULA Conference
White Oaks Conference Resort
Niagara-on-the-Lake, ON
(Save the date)

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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