| PRESS RELEASE |
| Vancouver, June 28, 2007 Vancouver, BC – Credential Financial Inc. (Credential) announced today that it has been selected as the personal insurance and wealth management provider for Coastal Community Credit Union (Coastal). This agreement effectively doubles the relationship that Coastal has with Credential and encompasses three business lines: online brokerage (Credential Direct), insurance (Credential Insurance Services), and wealth management (Credential Asset Management and Credential Securities Inc.) Following the merger of Coastal Community Credit Union, Comox Valley Credit Union, and Evergreen Savings Credit Union 30 months ago, the new Coastal needed to consolidate its insurance and wealth management offering. After comprehensive due diligence, they chose Credential to offer the full range of personal insurance and wealth management products through its wealth management services “Coastal Community’s due diligence was among the most rigorous we have ever been engaged in. We were impressed by their attention to detail and extensive research. As such, we were doubly pleased to have been chosen as their wealth management provider and look forward to providing the highest quality products and services we can,” said Don Rolfe, President & CEO, Credential Financial Inc. Rob Grundison, Senior Vice President Operations for Coastal highlighted the strength and quality of the executive management team and history of delivering on commitments as among the key factors in their decision. “Credential has a comprehensive offering that covers full service brokerage services, a top rated online brokerage, mutual fund dealer and insurance services along with high quality sales and training support,” said Grundison. “In addition, we have a high level of confidence in the leadership and strategic direction of Credential,” he added. About Coastal Community Credit Union – Coastal Community Credit Union is the largest Vancouver Island-based credit union. From Victoria to Port Hardy, Coastal Community offers financial services and solutions through 23 branches, 18 insurance offices, and several business and financial planning centres across Vancouver Island. Visit Coastal on the web at: www.cccu.ca. About Credential Financial Inc. – Credential Financial Inc. is the national wealth management company owned by the Canadian credit union system. Offering a full line up of financial products and services, Credential and its member companies (Credential Asset Management, Credential Securities Inc, Credential Direct, and Credential Insurance Services) provide top quality investment and insurance advice to investors.For more information, please contact: Don Tamelin, Sales Manager |
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Jane Mitchell Public Relations t: 604.714.3843 f: 604.714.3861 e: jmitchell@credential.com |