Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Canadas Central 1 CU reports 18.3M profit
VANCOUVER, B.C., and TORONTO, Ont. (6/1/11)--Central 1 CU, a corporate credit union and trade association serving individual credit unions in the Canadian provinces of British Columbia and Ontario, reported a profit of $18.3 million in the first quarter of 2011. The profit compares with a $7.5 million profit in the same period last year. The latest figure reflects gains of $12.1 million from disposal of financial instruments and a $2.4 million net gain on mark-to-market valuation of Central 1’s portfolio (Marketwire via digitalmedianet.com May 25). Central 1’s return on equity was 12.6%, compared with 5.3% a year earlier. Assets increased 2.9% year-over-year, hitting $14.1 billion as of March 31, compared with $13.7 billion a year ago. In a related matter, Central 1 announced the resignation and retirement of Rowland Kelly from his position as chief financial officer and chief operating officer, effective Sept. 30. Helen Blackburn, Central 1 senior vice president of strategy, has been appointed chief financial officer to succeed Kelly, effective Oct. 1.


RSS print
News Now LiveWire
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
1 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
2 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
3 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
21 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
22 hours ago