Mr. Ed Farrell:

Certainly not under current rules if we cannot lend to an approved housing body. When a man, woman or child walked in off the street to join a credit union and lodge his or her hard-earned earnings as savings, the union traditionally loaned out 70% or 80% of that money to meet the needs of the local people. That is why credit unions were set up in the 1950s, at which time credit was not available. Fifty years later-----