Mr. Ed Farrell:

If the credit unions could not lend to the people in the parish, community or factory, depending on the common bond, surplus funds had to be put into the bank. When credit unions were well lent, at 60% and 70% of their balance sheets, the money was just put in current accounts or on deposit. The rules were tweaked and they made sure in the good times that credit unions could not take part in house-building or such activities. I am not saying we would have done so but I am just outlining where the very tight rules on other moneys come from.