Central 1 Credit Union

Central 1 Credit Union

September 03, 2014 11:45 ET

Central 1 Credit Union to Redeem $150 Million of Series 2 Subordinated Notes

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 3, 2014) - Central 1 Credit Union (Central 1) today announced that on October 9, 2014 (the Redemption Date) it will redeem the $150 million outstanding principal amount of its Series 2 Subordinated Notes (the Notes) plus accrued and unpaid interest up to, but not including, the Redemption Date.

As required under the terms of the Notes, Central 1 has obtained regulatory approval for the Redemption.

Enquiries regarding the redemption should be directed to Computershare Trust Company of Canada (the trustee under the indenture governing the Notes) at Computershare Trust Company of Canada, 510 Burrard Street, Vancouver, BC, V6C 3B9, Attention: Corporate Trust Department.

About Central 1

Central 1 is the central financial facility and trade association for the BC and Ontario credit union systems. Owned primarily by its member credit unions, 43 in BC and 88 in Ontario, Central 1 represents a consumer-oriented, full-service retail financial system that serves 3.3 million members and collectively holds more than $95 billion in assets.

With offices in Vancouver, Mississauga and Toronto, Central 1 provides liquidity management, direct banking and payment service solutions as well as a wide range of trade services. For more information, visit www.central1.com.

Contact Information

  • Media
    Art Chamberlain
    Media Relations Manager, Central 1
    T 905.282.8534 or 1.800.661.6813 ext. 8534
    E achamberlain@central1.com

    Charles Milne
    Chief Investment Officer, Central 1
    T 604.730.6307 or 1.800.661.6813 ext. 6307
    E cmilne@central1.com