Mr. Kevin Johnson:

This type of lending is not for all credit unions, but it is for some, and we need to keep this in context. Credit unions are going through a significant transition; that is why I made reference to all the new requirements. Credit unions have to have risk management functions, compliance officers and internal audit functions. All of these additional skills are coming in on top of the local knowledge and expertise of the chief executive officers and managers. It must also remembered that the boards of directors comprise people who come from many different walks of life within the community and bring that experience into the frame. That is an added advantage that the credit union has over other lending institutions.