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August 9, 2019


Central 1 News 

Payment Solutions Manual: Manual Cheque and AFT Return Reason Codes Update- login required

We removed obsolete codes from Contingency Cheque Returns, Form 2304, and added missing codes to update the form. We also made slight revisions to the Online Return System (ORS) Part to match the cheque return reason codes and the AFT return reason codes that are currently effective. 

Payment Solutions Manual: Restricted Entities Declaration for AFT Business Originators and for Billers - login required

Central 1 is required to document the type of entities with which it conducts business, and financial institutions are required to have an enhanced due diligence program in place if they are doing business with a Restricted Entity. Based on these requirements, we updated applicable AFT and Bill Payment Parts in the Payment Solutions Manual with Restricted Entity information. 

Central 1 Events

September 8-10, 2019
Momentum Summit & Trade Show 
(including AmpliFI Awards Ceremony)
Westin Harbour Castle, Toronto

September 10, 2019
Central 1 ISO 20022 Workshop 
Westin Harbour Castle, Toronto

 3:00 PM – 5:30 PM EDT

October 28-29, 2019
PeopleFocus 2019
Coast Coal Harbour Hotel, Vancouver
Button to Credit Union Careers
Button to Central 1's Economic Insights
Button to our Annual Research Package

Industry News

Credit Union News
Alterna Savings Raises $50,000,000 in 60 Days (Press Release)

Unemployment rate jumps to 5.7% in July as more people look for fewer jobs (CBC)

Economists Still See Canada Bucking Global Rate-Cutting Trend (Bloomberg)

Housing / Real Estate
Developers Can’t Get Enough of New Canada Loans for Rentals (Bloomberg) - subscription access required

Vancouver detached home sales are surging — but they’re still at historically weak levels (Livabl)

Industry Events

September 15-17, 2019
CULA Conference - Transformational Leadership
White Oaks Conference Resort
Niagara-on-the-Lake, ON

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