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SOURCE Meridian Credit Union
Budget's proposed reversal of tax deduction will hurt credit unions'
ability to serve Canadians
TORONTO, March 21, 2013 /CNW/ - Bill Maurin, CFO and Acting CEO of
Meridian, Ontario's largest credit union, is available to comment on
the 2013 federal budget. Mr. Maurin can address questions about how the
proposed tax deduction will significantly diminish consumer choice for
Canadians.
"Canadians want and need a viable alternative to the traditional banks.
For more than a century, the country's credit unions have fulfilled
that need," says Maurin. "Meridian's approach continues to resonate
with our members across the province, who have helped us grow from $3
billion to $9.6 billion in assets over the past seven years alone. By
reversing this important and longstanding deduction for credit unions,
the government will significantly diminish consumer choice for
Canadians."
In Ontario alone, credit unions have 531 branches and represent the only
financial services provider in 25 Ontario communities, providing loans
to small and medium sized businesses, mortgages to buy homes and
donations of time and money to strengthen communities.
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WHO
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Bill Maurin, Chief Financial Officer and Acting Chief Executive Officer,
Meridian
Bill Maurin is a financial services professional with 24 years of
experience in a variety
of progressive roles. He has spent the last 18 of those years working in
the credit
union movement.
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About Meridian:
Meridian is Ontario's largest credit union, serving more than 247,000
Members at 61 branches and 8 Commercial Business Centres in communities
across south central Ontario. With more than 70 years of banking
history, Meridian delivers a full range of financial services,
solutions and advice tailored to meet each Member's individual needs,
including access to The Exchange® Network with more than 2,400 no-fee
ABMs in Canada. Membership at Meridian is open to anyone looking for a
financial services provider with a local, community focus that offers a
viable alternative to traditional banking options.
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