VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 10, 2015) - The Board of Directors at Central 1 Credit Union announces the appointment of two new directors: Dr. Blaize Horner Reich and Penny-Lynn McPherson. Their term of appointment is until Central 1's 2018 annual general meeting.

Dr. Horner Reich currently holds the position of Interim Dean, Beedie School of Business at Simon Fraser University and has the title of RBC Professor of Technology and Innovation. Dr. Reich is widely recognized for her expertise in organizational transformation through technology. She is credited with many contributions to improving businesses in Canada, serving as academic leader for the national Business Technology Management (BTM) program and as a board member of the CIO Association of Canada, the Information and Communications Technology Council and the Canadian Women in Technology.

Ms. McPherson has significant Board and executive management experience through her greater than 25 year career with the Canadian Payments Association (CPA). Prior to her retirement, she served as Vice-President, General Counsel and Corporate Secretary with the CPA. She also served as Vice-Chair of the Queensway Carleton Hospital in Ottawa. Ms. McPherson is bringing to the Board significant expertise in the field of liquidity management, particularly in the area of payments and settlements, legal, governance and regulatory.

"Penny-Lynn and Blaize bring wide-ranging financial acumen and business leadership experience to the Central 1 Board," said Rick Hoevenaars, Board chairperson. "Their familiarity with the credit union system and technology innovation are valuable to us as we continue to grow and adapt to the needs of our credit union members and their communities. These are exceptionally talented people, and I think I speak on behalf of the entire board when I say that I'm looking forward to working with them in the years to come."

Dr. Reich and Ms. McPherson join Central 1's 2015/16 Board of Directors:

Anita Braha (vice chairperson), Vancouver City Savings Credit Union
Keith Brain, Integris Credit Union
Daniel A. Burns, Coast Capital Savings Credit Union
Bill Cooke, Coast Capital Savings Credit Union
Terry Enns, First West Credit Union
Elmer Epp, Interior Savings Credit Union
Rick Hoevenaars (chairperson), Libro Credit Union Limited
Angela Kaiser, Prospera Credit Union
William Kiss, Gulf and Fraser Fishermen's Credit Union
William Maurin, Meridian Credit Union Limited
Kelly McGiffin, FirstOntario Credit Union Limited
Emmet McGrath, Westminster Savings Credit Union
Rob Paterson, Alterna Savings and Credit Union Limited
Doug Stoddart, Nelson & District Credit Union
Tamara Vrooman, Vancouver City Savings Credit Union
Rob Wellstood, Kawartha Credit Union Limited

About Central 1

With offices in Vancouver, Mississauga and Toronto, Central 1 holds on balance sheet approximately $13 billion in assets. We provide wholesale financial products, trust services, investment banking services, payment processing solutions and direct banking services to more than 300 credit unions and institutional clients from coast to coast.

In addition, Central 1 is the primary liquidity manager, payments provider and trade association for our 43 member credit unions in B.C. and 84 Ontario member credit unions. Our members represent a consumer-oriented, full-service retail financial system that collectively serves 3.2 million members and holds more than $97 billion in assets. For more information, visit

Contact Information:

Tracy Tang
Member and External Communications Manager
Central 1 Credit Union