Central 1 Credit Union Announces Retirement of Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 27, 2011) - Central 1 Credit Union today announced the resignation of Rowland Kelly from his position as Chief Financial Officer and Chief Operating Officer. Mr. Kelly will retire from his position effective September 30, 2011.

"Rowland has been an integral part of Central 1 and the credit union system for more than 30 years and seen our organization through many phases of its development," said Don Rolfe, President and CEO. "His contributions will continue to shape Central 1 for many years and we will all miss his wise counsel."

Further to Central 1's Board of Directors' meeting on May 20, Helen Blackburn, who is currently Senior Vice President of Strategy at Central 1, has been appointed CFO to succeed Mr. Kelly, effective October 1. Ms. Blackburn is a chartered accountant and previously held the role of CFO at Credential Financial and at Northwest & Ethical Investments.

About Central 1

Central 1 is the central financial facility and trade association for the B.C. and Ontario credit union systems. Central 1 represents a consumer-oriented, full-service retail financial system that serves 2.9 million members and holds $70 billion in assets and is owned primarily by its member credit unions, 45 in B.C. and 116 in Ontario.

With offices in Vancouver, Mississauga, and Toronto, Central 1 provides a wide range of services such as liquidity management, direct banking, and flexible payment service solutions. For more information, visit www.central1.com.