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Wednesday, March 23, 2011

Meridian Budget Reaction

Owen Sound | by Bayshore News Staff  

Meridian Credit Union welcomes initiatives in 2011 federal budget.

Small business initiatives and assistance for low-income seniors welcomed by Meridian

Meridian, Ontario’s largest credit union, welcomed a number of the budget initiatives outlined this afternoon by Finance Minister Jim Flaherty in the Federal budget.

"The recession has had a significant impact on a number of our Members and the communities we serve, including Owen Sound," said Mark Ostland, Meridian branch manager. "I believe a number of the measures and initiatives outlined in today’s budget will have a positive impact."

In particular, Ostland said the energy retrofit program, which will provide additional funding to help people upgrade their homes and make them more energy efficient and the Guaranteed Income Supplement for low-income seniors will be helpful to Meridian Members.

As well, Ostland said some of the new business tax and depreciation provisions in the budget will help the manufacturing base in some Meridian communities recover.

"We welcome further tax relief outlined in the 2011-12 Budget to allow for investment in the manufacturing and processing sector," Ostland said.

About Meridian Credit Union

Meridian Credit Union is Ontario’s largest credit union, serving more than 213,000 Members in communities across south central Ontario. With more than $6.6 billion in assets under administration and 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 in Meridian is open to anyone looking for a financial services provider with a local, community focus and offers a viable alternative to traditional banking options.


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