Mr. Sean Hosford:

On the question on technology, it goes back to the size of credit unions. In my day job I am the CEO of a fairly large credit union. Mobile technology, digital marketing and such stuff are important to us as they are the gateway to our younger members, whom we have difficulty attracting because of the business model we operate at the moment. There are local and segmented efforts. We are a member of a group of 11 credit unions at the moment which is trying to introduce a debit card and it has been a tortuous road. My own credit union has been in and out to the Central Bank for four and a half years just to try to get agreement to introduce technology that is over 20 years old.

As members know, the debit card is now moving towards contactless and mobile formats. We openly admit we are struggling to catch up. We need to catch up but we just find that hurdles are consistently put in our way in trying to get into the market. Unless we get into it, we will not attract younger members.

The amalgamations are happening. The extension of ReBo will add to that further.

I will defer to my colleagues on the Government funding.