Mr. Padraig Ó Cearbhaill:

We took the view that it was part of the credit union ethos to include it. We made a suggestion on how it could be reworded. We could include a provision that a credit union can make a loan for provident and productive purposes or other such purposes as the credit union may deem appropriate. We were anxious for the words "provident and productive" to be retained as they reflect the ethos of the credit union.