In contrast to outsourcing, FirstOntario Credit Union committed to local employment and serving community

HAMILTON, ON, April 8, 2013 /CNW/ - Emerging stories around the outsourcing of work to temporary foreign workers has caught the attention of FirstOntario Credit Union.

"We are committed to employing local Ontarians and to re-investing in the communities we serve", says Dave Schurman, COO of FirstOntario. "As a cooperative we are single-minded in our dedication to serving local Members and businesses."

FirstOntario Credit Union offers the safety, security and services as the major Canadian banks but in a cooperative environment where Members are actually Owners. "It's why we re-invest profits in serving our Members and our local communities," says Schurman. FirstOntario supports local communities through volunteerism, fundraising, sponsorships and programs that contribute to building and sustaining those communities.

"More and more people are moving to our credit union because of this philosophy of committed to everything local," says Schurman. "It's something that is completely transparent because we answer to our Members, not to investors on Bay Street."

About FirstOntario Credit Union
In business since 1939, FirstOntario Credit Union has more than $3.3 billion in funds under management, serves nearly 90,000 Members and offers a full suite of banking products including daily banking, mortgages, lines of credit, loans and investments. FirstOntario operates 25 full-service branches and two satellite branches serving 14 communities across the Hamilton, Halton, Niagara, Haldimand/Norfolk and Oxford regions and Membership at FirstOntario is open to anyone. FirstOntario is a proud advocate of the communities we serve and supports many important community organizations. FirstOntario is a founding sponsor for Hive Hamilton, and supports Co-operative Young Leaders (CYL) and youth at risk through Soupfest. FirstOntario also offers a scholastic bursary program and a Micro-lending Program in the Hamilton and Niagara regions. Visit: www.banktherapy.com and http://facebook.com/FirstOntarioCreditUnion

Corporate tags: #FirstOntario, @Finance_Friday

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