Please find attached and enclosed a press release from Creative Arts Savings & Credit Union

FOR IMMEDIATE RELEASE

Toronto, April 12, 2017 – Creative Arts Savings & Credit Union is pleased to announce the appointment of Frank Manzo to the position of CEO. Mr. Manzo, formerly with National Bank’s TV & Motion Picture Group, brings to Creative Arts his expert knowledge and years of experience in Canadian film, TV and digital media production financing.

“Frank Manzo understands arts workers and entertainment industry finance. He is a welcome addition to the Creative Arts team,” said Creative Arts Board Chair, Brian Topp. Topp thanked Murray Cruickshank for his work as interim CEO with Creative Arts. “Murray has had a distinguished career in the credit union system and added a fine chapter with us. I know I speak for our whole board and all of our members in thanking him for his extraordinary dedication and commitment to our credit union.”

“I’m very much looking forward to this opportunity to build on an innovative and growing financial institution,” Mr. Manzo said. “Freelance professionals working in the arts and media are currently underserved by the banks, and Creative Arts is well positioned to benefit from new changes to the regulations governing credit unions and to exploit emerging opportunities in the increasingly important arts and entertainment sector.”

Mr. Manzo assumed his new duties on March 27, 2017.

Creative Arts Savings & Credit Union is a cooperatively run banking institution chartered in 2008 for the benefit of individuals employed in and organizations serving the creative arts.

– 30 –

For media inquiries please contact:

Karl Pruner

Creative Arts Savings & Credit Union

Cell: (416) 670-6710

kpruner@creativeartscu.com