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Credit Unions see tax credits clipped by Flaherty

(Courtesy Valley First)
Credit unions are feeling the sting of Jim Flaherty's efforts to cut the federal deficit.

The federal government is phasing out the tax credits over five years to save the millions of dollars.

So what does this mean for Canadians who choose credit unions over banks?

Tom Webster is the chief financial officer of First West Credit Union which is the parent company of Valley First. It has 19 branches and nearly 50 thousand clients in the Southern Interior.

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