Mr. David Phillips at the Finance Committee

On February 19th, 2007. See this statement in context.

February 19th, 2007 / 4:30 p.m.

President and Chief Executive Officer, Credit Union Central of Canada

I'll just speak to it from the perspective of the credit union system. We have established within the credit union system a surcharge-free network between credit unions. I'm a member of Alterna Savings in Toronto. I have a debit card. I'm going to be in Saskatoon tomorrow. I can go to the FirstSask ATM and pull money out and I won't be surcharged.

Each credit union member has access to at least 1,500 or 1,600 ATMs without surcharge. So as a credit union system, we're trying to address that issue through this means.

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