The Hub: News & Events for January 6

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January 6, 2020


Central 1 News

MemberDirect Advisory: MD Core Full Release 604 (login required)
Central 1 has scheduled a MemberDirect and PaymentStream Direct Core release for January 15, 2020.

Update – Digital & Payment Services Fee Schedule, Form 2725 (log-in required)
We have updated the Digital & Payment Services Fee Schedule Form 2725 to reflect price changes, effective January 1, 2020.

Payment Solutions Manual: Update to Electronic Transactions and Access and Administration Volumes (log-in required)
We have added a new Interac e-Transfer® Online Administration System (OAS) part to the Payment Solutions Manual.

Ontario Housing Forecast 2019-2022

• Ontario's existing homes market in recovery phase;
• Housing starts will decline in 2019, a delayed reaction to previous market activity, but will rebound strongly post 2019;
• With strong inflows of new residents looking for housing, the rental market will remain very tight and market rental prices should remain elevated.

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

Credit Union News
Newly merged Prospera Credit Union marked first day of business on Jan 2 (
For now, members of the legacy Prospera and Westminster Savings credit unions can only conduct business at their legacy credit union branches.

Canadian sanctions (log-in required)
CCUA has reviewed the reporting requirements under the Special Economic Measures Act, United Nations Act and the Freezing Assets of Corrupt Foreign Official Act (the Acts)

Canadian stocks flat as commodity gains offset risk-off selling (Reuters) 

Canada FX DEBT - Loonie nudges higher as oil rallies on Middle Eat tensions (Reuters)

Top Central Bankers Share Sober View of 'Hand We've Been Dealt' (Bloomberg - log-in required)

Technology News
Facebook's Libra has failed in current form, Swiss president says (Globe and Mail - log-in required)

Industry Events

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

Terminal City Club
Vancouver,  BC

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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