Mr. Kevin Johnson:

I think that balance is something that definitely would be managed. I tried to make the point earlier that we are not talking about shifting from one end of the spectrum to the other end overnight.

That is not what is intended at all. As Mr. Hosford mentioned earlier, it is about balance. Credit unions have operated a personal lending market. As was pointed out earlier, in a recession people save more and borrow less. The actual market has declined by over 66%. Credit unions have held their market share in all of that. As a result, there are more funds available.

We are not suggesting that there has to be a free-for-all of providing loans. We are saying that the expertise resides within credit unions to enable them to meet a lot more of the existing needs. The types of things we have been talking about this afternoon, such as social housing, have a definite requirement for funds - for example, the housing boards. They are crying out for funds and we are saying they are here available. That is a relatively low-risk model and fits nicely in with the credit union.

If the credit unions are able to do some longer-term lending, they can start providing longer-term savings for members and the internal balance management will start to take place. There is a lot of expertise within the credit unions. This is already manifested among those which impose their own limits to manage their balance sheets appropriately and ensure they are viable.