CUMIS Board of Directors elects new chair

June 7, 2007 – The Board of Directors of The CUMIS Group Limited (CUMIS) is pleased to announce the election of its chair and other key positions at the organization’s Annual General Meeting on May 25.

Elected to the position of Board chair is Russ Fast, Chair of Credit Union Central of Manitoba and Vice Chair of Steinbach Credit Union. A native of Steinbach, Manitoba, Russ has been a member of the CUMIS Board of Directors since 2001 and has served as Board vice chair since 2005.

“I would like to thank my fellow directors for their confidence and support,” said Mr. Fast upon accepting the position. “I view this as a tremendous opportunity to work with a group of individuals that are not only exceptionally capable, but have the passion to drive this company toward future successes.”

Elected Board vice chair is Scott Kennedy, chief executive officer of Superior Credit Union in northern Ontario and a member of the CUMIS Board of Directors since 1999.

Glenn Hymers, President, Glenn S. Hymers Inc. is elected chair of the Audit Committee. Chris Catliff, President & CEO of North Shore Credit Union in British Columbia is elected chair of the Conduct Review and Nominations committees. Camille Thériault, président et chef de la direction of the Fédération des caisses populaires acadiennes is elected chair of the Governance & Human Resources Committee.

“On behalf of The CUMIS Group Limited, I would like to thank Chris Catliff for serving as Board chair for the past five years, and would like to welcome Russ Fast into the role,” said Kenn Lalonde, president and CEO, The CUMIS Group Limited. “Russ brings a wealth of Board experience to the table, and with it an understanding of where we've been – and where we're going. I am confident that he will provide sound leadership and a strong focus on governance practices. I am looking forward to working with these individuals over the next year as CUMIS continues to be the insurance partner of choice for Canadian credit unions.”

About The CUMIS Group Limited
The CUMIS Group Limited (CUMIS) markets a diverse portfolio of insurance and financial products and other services to Canadian credit unions, caisses populaires and their members. The organization helps its customers grow their businesses and strengthen their relationships with members through its line of individual life, credit and property and casualty insurance and retirement services products. Its principal companies are CUMIS Life Insurance Company, CUMIS General Insurance Company and Canadian Northern Shield Insurance Company. CUMIS also has a 50 per cent interest in Credential Financial Inc.

About the CUIS program
CUMIS has management responsibility for its joint marketing program with The Co-operators called the Credit Union Insurance Services (CUIS) program. The CUIS program has allowed for the integration of both organizations’ products and services, providing financial co-operatives with a portfolio of industry-leading insurance and related services. The CUIS program also assists customers with their member marketing efforts through a consulting service known as Strategic Solutions Group. CUMIS and The Co-operators jointly own CUIS Brokerage Services Limited, which helps credit unions successfully administer their property and casualty insurance brokerages.

For more information, please contact Colleen Hyslop, Manager, Corporate and Board Relations at 905-631-4888 or via e-mail at colleen.hyslop@cumis.com.

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