
Credit Union CEO's $32.7M Digital Gamble: Why It Nearly Backfired
Key Points
- Central 1 Credit Union saw treasury profits soar to $21.4 mi...
When Central 1 Credit Union handed over its digital banking operations to Intellect Design Arena earlier this year, it was like watching someone renovate their house while still living in it - messy, expensive, and you're never quite sure if it'll work out.
The results are in from Q2 2025, and spoiler alert: it's complicated.
The Good News: Treasury's Having a Moment
Central 1's treasury division decided to be the responsible sibling, delivering a net income boost of $5.4 million year-over-year. Their secret sauce? Lower interest expenses and a net interest income of $20.6 million that w...
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