October 20, 2004

Dear Friends & Associates,

I am very pleased to announce that Peter Prinz has accepted the position of President and CEO of the Hannaford Associates Federal Credit Union. In his new role, Peter will be responsible for developing and implementing a vision that will continue to serve the members of the credit union.

Peter comes to the credit union with over 25 years of experience in finance, operations, investment and risk management with community financial institutions. During his career he has held the positions of Treasurer, Risk Manager and Finance Director.

Peter is a Graduate of the Maine/New Hampshire School of Savings Banking at Dartmouth College and the National School of Savings banking, Center for Financial Studies at Fairfield University.

Peter’s ability to motivate and encourage his team to achieve and his drive for success will serve him well in his new endeavor. Peter is very excited to become involved in many of the Hannaford functions such as United Way events and plans visits to the distribution centers and retail locations.

His Wife, Suzanne, is a Portland native and is excited about coming home.

Peter is the father of 3 and the grandfather of one.

Outside activities include hiking, cycling, cross-country skiing and riding roller coasters.

Please call Peter at the HAFCU at extension 111 if you need any further information or better yet stop by and say welcome and hello.

Sincerely,

Peter Vail
Chairman HAFCU Board