September 6, 2007

Credit Union Central of Canada and Credit Union Central Alberta are both represented on the committee formed to oversee the proposed structuring process for non-bank asset-based commercial paper (ABCP).

Rowland Kelly, interim CEO of Credit Union Central of British Columbia, is representing Canadian Central on the committee chaired by Purdy Crawford, former head of Imasco Ltd. B.C. Central provides treasury management and liquidity services for Canadian Central.

Jim Scopick, president and CEO of Alberta Central, is representing his organization.

The 13-member committee includes Albans D’Amours, president and CEO of Desjardins Group; Dave Mowat, president and CEO of ATB Financial; and representatives from National Bank, Canada Post, NAV Canada and Canada Mortgage and Housing Corp.

The committee includes investors who have signed the Montreal Proposal, which included a standstill agreement for ABCP investments while a longer term solution is developed.