LETTER: Credit unions need support

Credit unions are paying higher taxes as a result of a budget 2013 decision...

Aldergrove Credit Union is a strong supporter of the communities of Langley, Aldergrove, Abbotsford and Mission. Just this year, Aldergrove Credit Union has invested more than $100,000 into our communities.

Now, credit unions need your support.

Credit unions are paying higher taxes as a result of a budget 2013 decision to phase out a 40-year-old tax measure that was created because credit unions are different than banks. These higher taxes affect our bottom line, meaning there are fewer resources available for lending to small businesses and families and to support important community work.

We are asking the federal government to create a new tax measure that we estimate will generate $700 million in additional lending to businesses, farmers and families across this country and in Abbotsford.

I urge you to contact your local Member of Parliament and tell them my credit union matters and it should matter to you! You can support our community and our credit unions by visiting www.myCUmatters.ca.

Gus K. Hartl

CEO

Aldergrove Credit Union