April 7, 2026
Unceded territories of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), and səlilwətaɬ (Tsleil-Waututh) Nations / Vancouver, B.C.
Vancity is pleased to announce that Wellington Holbrook, President and CEO of the Vancity Group, has been elected to serve a three-year term on the Board of Directors of Central 1 Credit Union. Central 1 provides payments, clearing and settlement, and treasury services at scale to enable a thriving credit union system.
As a director on Central 1’s Board, Holbrook will play a vital role in guiding Central 1’s strategy and governance. He and his fellow directors will influence decisions that impact credit unions and the provision of financial services to Canadians across the country.
“I’m honoured to be elected. This is an incredible opportunity to serve and help shape the future of Canada’s credit union system and financial services with other like-minded leaders,” said Wellington Holbrook.
“Together, we have the opportunity to make a real difference in people’s lives,” he added. “As we continue enhancing financial services to meet the evolving needs of Canadians, we’ll strengthen and preserve co-operative banking to power local economic development and invest in more inclusive, cleaner and thriving communities for all.”
Holbrook’s election to the Central 1 Board of Directors follows the Vancity CEO’s recent appointment as Vice Chair of the Global Alliance of Banking Values, a network of more than 70 values-based banks.
Vancity is a values-based financial co-operative serving the needs of its 588,000 member-owners and their communities, with offices and more than 60 branches located in Metro Vancouver and Squamish, the Fraser Valley, the Sunshine Coast, the Vancouver and Gulf Islands and Alert Bay, within the territories of the Coast Salish and Kwakwaka'wakw Peoples. With $41 billion in assets plus assets under administration, Vancity is Canada's largest credit union. Vancity uses its assets to help improve the financial well-being of its members while at the same time helping to develop healthy communities that are socially, economically, and environmentally sustainable.
