Alberta credit union system statement on Alberta Speech from the Throne

CALGARY, March 8, 2016 /CNW/ - Graham Wetter, President and CEO of Alberta Central, issued the following statement today in response to the Alberta government's Speech from the Throne:

"The Alberta credit union system applauds the Alberta government's desire to work with credit unions to modify credit union legislation, and to seek collaborative opportunities to further support Alberta small and medium-sized businesses.

We believe that a modified legislative framework will enhance the competiveness of credit unions, and will further diversify our province's economy by strengthening Alberta's financial services sector. This will help to ensure that capital remains in Alberta and is deployed for the benefit of Albertans and Alberta small and medium-sized businesses.

Credit unions are strong supporters of Alberta's small and medium-sized businesses. We recognize many of these businesses are suffering as a result of our province's economic downturn. Credit unions are committed to working with the Alberta government to explore opportunities that will extend further support to this critical segment of our economy."

Alberta Central is the industry association and central liquidity provider for the Alberta credit union system. There are 27 credit unions in Alberta with over 625,000 members and approximately $23.7 billion in assets. For more information please visit www.albertacentral.com and @ABCreditUnions.

SOURCE Credit Union Central Alberta Limited

Image with caption: "Credit Union Central Alberta (CNW Group/Credit Union Central Alberta Limited)". Image available at: http://photos.newswire.ca/images/download/20160308_C7408_PHOTO_EN_638143.jpg

For further information: Media inquiries may be directed to: Colleen Fortuna, Director, Communications, Alberta Central, Cell: 403-585-7729, Email: colleen.fortuna@albertacentral.com

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