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NEWS RELEASE - Tuesday, March 30, 2010

New President and CEO Appointed (Public Announcement)

Wayne McLeod, board Chair of Concentra Financial announced that the Board of Directors has appointed Mr. Ken Kosolofski as President and Chief Executive Officer of Concentra Financial Services Association, effective April 1, 2010.

“My sincere congratulations to Ken on his appointment as my successor,” says Myrna Bentley, retiring President and CEO, “I am confident he will find the team at Concentra ready, willing and more than capable of achieving and exceeding the company’s objectives. He has my best wishes for great success.”

Mr. Kosolofski brings with him many years of experience within the credit union system, the past two as Chief Financial Officer at SaskCentral. Prior to this role, he held a variety of senior finance positions at CUETS, SAHO, City of Regina and the Saskatchewan government. He received his bachelor of commerce degree in 1981, chartered accountant designation in 1984 and has participated in a variety of senior leadership programs throughout his career. He is married with three grown children and is an active participant in a number of community and business organizations, including the Regina Food Bank.

“I am very much looking forward to working within the national credit union system in my upcoming role,” says Kosolofski. “With the support of the exceptional people at Concentra, together we will continue to grow the value Concentra delivers to credit unions throughout Canada.”

“Members of the board look forward to working closely with Ken, as we continue to fulfill the Concentra Financial vision of emPOWERING Canada’s Credit Unions®.” said McLeod. “I also want to express the board’s deep appreciation to Myrna Bentley for her dedication over the past 35 years. The strength of her leadership and the dedication shown by the entire Concentra team returned exceptional results for 2009, despite extremely challenging economic conditions.”

Concentra Financial is a credit union company and an integral part of Canada’s co-operative financial system. Partnering with credit unions, Concentra delivers specialized solutions nationwide that enhance credit unions’ competitive advantages and success.

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For further information contact:

Mary Beckett
Executive Vice-President
Phone: 306-956-1900
Chief Governance Officer
Fax: 306-652-7614