VANCOUVER, April 2 /CNW/ - Credential Financial Inc. (Credential) and the
Mouvement des caisses populaires acadiennes announced today, that as of
June 30th 2007, Credential Asset Management would become the Carrying Dealer
for the Mouvement des caisses populaires acadiennes. As the Carrying Dealer,
Credential is committed to providing the Mouvement des caisses populaires
acadiennes with best practices and back office services that are second to
With over 200,000 members, the Mouvement des caisses populaires
acadiennes offers advisory services to 33 Caisses operating in 85 business
locations in New Brunswick. The partnership agreement between Credential and
the Mouvement des caisses populaires acadiennes will provide the Caisses with
enhanced services, economies of scale, and access to a comprehensive product
"The Mouvement des caisses populaires acadiennes aims to provide the
highest quality products and services to its members. We are happy to announce
the conclusion of a partnership agreement with Credential Financial Inc.,
since this alliance will enable us to improve the services we provide our
members and to benefit from the expertise of another co-operative institution
of national stature," stated Camille Thériault, the President and Chief
Executive Office of the Mouvement des caisses populaires acadiennes.
This partnership represents a further expansion by Credential into the
French market. "With Credential's roots in the co-operative movement there is
a synergy between our two organizations that offers an opportunity for the
continued growth of both partners," said Don Rolfe, President and CEO,
Credential Financial Inc. "We look forward to working together with our
colleagues from the Mouvement des caisses populaires acadiennes," he added.
About the Mouvement des caisses populaires acadiennes:
The Mouvement des caisses populaires acadiennes was founded in 1946. It
is the largest Acadian financial institution in New-Brunswick. With its
200,000 members and assets of more than $2.4 billion, this network consists of
33 Caisses and 85 service points in New Brunswick. More than 1,000 employees
and 350 elected representatives constitute the strength of the organization.
The Fédération des caisses populaires acadiennes is located in Caraquet, New
Brunswick. For more information, visit our Web site at http://www.acadie.com.
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,
Credential Direct, Credential Insurance Services, and Credential Financial
Strategies) provide top quality investment and insurance advice to investors.
For further information:
For further information: on the Mouvement des caisses populaires
acadiennes contact: Mario Griffin, Communication et relations publiques, Vice
Présidence Communications et Stratégie, Mouvement des caisses populaires
acadiennes, Tel: (506) 726-4785, Fax: (506) 726-8220,
firstname.lastname@example.org; For more information on Credential Financial Inc.
contact: Jane Mitchell, Public Relations, Credential Financial Inc., Tel:
(604) 714-3843, Fax: (604) 714-3864, email@example.com