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Central 1 reports fourth quarter and 2020 results


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VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) Central 1 Credit Union (‘Central 1’ or ‘the organization’) reported a profit after tax of $36.1 million for the year ended December 31, 2020, a $1.9 million increase in profit after tax of $34.2 million in 2019.
Central 1 has consistently maintained strong operational resilience to support credit unions in B.C. and Ontario. In 2020, the organization made significant and immediate changes to support our employees, members and clients during the pandemic. Central 1 focused on maintaining essential products and services, while delivering core business functions for the credit union system and clients.
“Central 1 delivered solid earnings during an uncertain macroenvironment driven by the global pandemic. Our strong balance sheet and diverse business lines are a testament to the strength and resilience of our business and our ability to effectively operate and progress our strategic init ....

United Kingdom , British Columbia , Brent Clode , Sheila Vokey , Ian Colvin , Head Of Communications , Digital Payments Services , Credit Union Central , Payments Customer Advisory Council , Mandatory Liquidity Pool , Digital Banking Platform , Payments Council , Emergency Business Account , Financial Statements , Investment Officer Central , ஒன்றுபட்டது கிஂக்டம் , பிரிட்டிஷ் கொலம்பியா , ஷீலா வோக்கெய் , ஈயந் கொல்வின் , தலை ஆஃப் தகவல்தொடர்புகள் , டிஜிட்டல் கொடுப்பனவுகள் சேவைகள் , கடன் தொழிற்சங்கம் மைய , கட்டாயமாகும் நீர்மை நிறை பூல் , டிஜிட்டல் வங்கி நடைமேடை , கொடுப்பனவுகள் சபை , அவசரம் வணிக எண்ணுதல் ,