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Primary Financial Company Announces New Leadership

By Primary Financial

DUBLIN, Ohio—Primary Financial Company, provider of the popular SimpliCD® CD investment
and issuance program, announced today that Chris Lewis has been named to the position of
President/CEO. Mr. Lewis succeeds retiring President/CEO Mark Solomon and will assume the
responsibility of President immediately. Upon Mr. Solomon's retirement in May of 2019, Lewis
will assume the CEO function, as well.

“Chris' knowledge, expertise, and leadership skills will ensure a smooth transition for the
organization, its owners, and, most importantly, the credit unions it serves,” said Jeff Merry,
Primary Financial's Chairman of the Board and President/CEO of Volunteer Corporate Credit
Union. “We did an extensive national search, and the board is very happy to have concluded
that we have exactly what we need with Chris. His foresight of the market in his current role will
continue to be a great asset. We are excited both for him and for the future of the organization.”

Lewis has been part of Primary Financial's management team since its inception in 1996 and
has helped the company grow to $7.39 billion in current outstandings. With more than 30 years
of professional experience in the CD industry, Lewis most recently served as Primary
Financial's Vice President, Director of Trading. He is also a chartered financial analyst and has
a degree in finance from Indiana University's Kelley School of Business.

“Chris understands the value Primary Financial gives to its corporate owners and, ultimately, to
the credit unions they serve every day,” said Merry. “It is this understanding that drives his
passion for what he does, and that same passion will help fuel the success of the organization
for many years to come.”

“Having worked with the team at Primary Financial for more than twenty years, I know the
important work they do, and it's a real privilege to continue my tenure here as President/CEO,
helping to move the company forward,” said Lewis. “Our business continues to expand and I'm
excited about the possibilities we have to serve even more credit unions by providing them
exceptional tools to better manage their balance sheet.”

Through the SimpliCD program, Primary Financial has relationships with 3,800 credit unions
represented by all 50 states, the District of Columbia, Puerto Rico and the Virgin Islands.

About Primary Financial Company

Founded in 1996, Primary Financial is a credit union service organization (CUSO) jointly owned
by 10 corporate credit unions, primarily serving natural-person credit unions nationwide with CD
investments and issuance. A leader in the CD industry, Primary Financial is a registered broker
dealer in the state of Ohio and has offices in Dublin, Ohio, and Columbus, Indiana. To learn
more, visit www.epfc.com.