Mr. Tim Molan:

Some of this goes back to the issue of reserves and reserve requirements. A 10% reserve requirement is imposed on credit unions. This has a significant cost at this stage. That reserve requirement has been hard coded under SI No. 1 of 2016. We have no option but to meet those reserve requirements and if a credit union falls below them, it is in trouble with the regulator. If it falls sufficiently low, it is in severe difficulty. This is an actual cost that is visited upon a credit union. Many members have a preference and such is the popularity of credit unions that many members see it as their primary savings institution. Again, because of the local nature of credit unions, it is a significant factor for them. My colleague from MABS spoke about social inclusion. At present, a significant number of people in this country are unbanked and a significant number of people in this country have a preference-----