This press release is provided by GlobeNewswire and is published as received.
VANCOUVER, British Columbia, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Central 1 today announced the appointment of Barclay Hancock as Interim President & Chief Executive Officer, immediately following the planned retirement of President & CEO Sheila Vokey on September 4, 2026. The appointment ensures leadership continuity and continued execution of Central 1’s strategic priorities.
“Following a thorough review of our leadership needs during this transition period, the Board is confident that Barclay is the right person to lead Central 1 as Interim President & CEO,” said Shawn Neumann, Chair of Central 1’s Board of Directors and Chair of the CEO Selection Committee. “His leadership experience, collaborative approach, and commitment to Central 1’s strategic priorities, clients, and employees make him the right leader to guide the organization to continue delivering on commitments and advancing key initiatives.”
Barclay currently serves as Central 1’s Chief Payments Officer and brings more than 25 years of experience in the Canadian and international financial services industry. Since joining Central 1, he has played a key role in advancing Central 1’s payments business, with a particular focus on deepening client relationships, delivering against Canada’s payments modernization agenda — including the Real-Time Rail — for Central 1 and for our clients, growing the client base, and strengthening the long-term payments roadmap.
The search for a permanent President & CEO continues. Central 1’s Board of Directors and CEO Selection Committee remain committed to a comprehensive recruitment process designed to identify the best candidate from a diverse and highly qualified field.
About Central 1
Central 1 empowers credit unions and other financial institutions who deliver banking choice to Canadians. With assets of $9.2 billion as of March 31, 2026, Central 1 provides payments, clearing and settlement, and treasury services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products, and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit www.central1.com.
Caution Regarding Forward Looking Statements
This press release and announcement contain historical and forward-looking statements. All statements other than statements of historical fact are or may be based on assumptions, uncertainties, and management’s best estimates of future events. Central 1 has based the forward-looking statements on current plans, information, data, estimates, expectations, and projections about, among other things, results of operations, financial condition, prospects, strategies and future events, and therefore undue reliance should not be placed on them. These include, without limitation, statements relating to our financial and non-financial performance objectives, vision and strategic goals and priorities, including focus on capital and cost management, the economic, market and regulatory review and outlook for the Canadian economy and the provincial economies in which our member credit unions operate , the impacts of external events such as international conflicts, protests, natural disasters or pandemics, as well as statements that contain the words “may,” “will,” “intends” and “anticipates” and other similar words and expressions.
Forward-looking statements are based on the opinions and estimates of management at the date the statements are made. Actual results may differ materially from those currently anticipated. Securityholders are cautioned that such forward-looking statements involve risks and uncertainties. Certain important assumptions by Central 1 in making forward-looking statements include, but are not limited to, competitive conditions, economic conditions and regulatory considerations. Important risk factors that could cause actual results and the timing of such results to differ materially from those expressed or implied by such forward-looking statements include economic risks, regulatory risks (including legislative and regulatory developments), risks and uncertainty from the impact of rising or falling interest rates, international conflicts, natural disasters or pandemics, geopolitical uncertainty, information technology and cyber risks, environmental and social risk (including climate change), digital disruption and innovation, reputation risk, competitive risk, privacy, data and third-party related risks, risks related to business and operations, risks relating to the transition of clients to alternative digital banking providers, and other risks detailed from time to time in Central 1’s periodic reports filed with securities regulators. Central 1 is subject to risks associated with evolving U.S. trade and tariff policies, inflationary pressures, interest rate volatility, and potential regulatory changes under the current U.S. administration. Shifts in tariff structures or global trade conditions may adversely affect our cost structure and overall operating environment. Given these risks, the reader is cautioned not to place undue reliance on forward looking statements. Central 1 undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws.
Contacts
Media:
Amanda LeNeve
AVP, Communications & Marketing
Central 1 Credit Union
E communications@central1.com
Investors:
Brent Clode
Chief Investment Officer
Central 1 Credit Union
T 905.282.8588 or 1.800.661.6813 ext. 8588
E bclode@central1.com
NEWS RELEASE TRANSMITTED BY Globe Newswire
Globenewswire
