Mr. Bobby McVeigh:

No. Let me assure the Chairman and members that the system I have worked with around the world still has the philosophy and ethos of the credit union system. In fact, the founders of the movement will say that it is not about profit but what one does with the profit one makes. The credit union movement is a social concept with community links, and by enhancing the ability of the credit union and its services, the services to its members can be enhanced. The credit union is not a bank, it is still member owned and member driven.