Mr. Bobby McVeigh:

-----because competition is good and the credit unions are well able to handle it when they get into that particular area. This has been my experience in the Canadian system. We have credit unions in Canada, which goes back to the question that if one is big, then one is a bank. That is not true. Big does not mean bad. In fact, their ability to do the social and community links is enhanced because they are bigger and they have more profit to share with their members and the community. The difference is as simple as this: the philosophy, the principles and the community linkages do not change; they become enhanced. That is what differentiates the credit union system and credit unions individually from banks.