Coastal Community chooses Credential Financial Inc. as Personal Insurance and Wealth Management Provider

    VANCOUVER, June 28 /CNW/ - 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:

    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 further information:

For further information: Jane Mitchell, Public Relations, Credential
Financial Inc., Tel: (604) 714-3843, Fax: (604) 714-3864,; Don Tamelin, Sales Manager, Coastal Community
Credit Union, Tel: (250) 741-3200, Fax: (250) 741-3223,

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