On Monday March 29th, during the Second Reading of Ontario’s 2021 Budget Bill, Bill 269, MPP and PA to the Minister of Finance Stan Cho spoke in support of of Ontario's credit unions, highlighting the key role credit unions will play in the province's economic recovery. 

“Speaker, I’ve spoken to dozens of credit unions throughout every corner of this province, from Guelph to Sudbury to Waterloo, even in my riding of Willowdale. Credit unions are going to be a key piece in part of our economic recovery. These are sophisticated financial institutions, and in many rural communities and in the north, they are the only financial institution that people have access to. These credit unions are focused on the community. As we’ve seen through our many discussions and travels throughout this great province, the needs of the people of my riding are not necessarily the needs of the people in Windsor or in Kapuskasing. They are greatly varied, so we should have financial institutions that are best able to serve these unique needs.”

Read Cho’s full remarks here. 

CCUA looks forward to our continued work with the provincial government in support of Ontario's credit unions.