Thanks for the question.
The first thing I would offer is that if you take a five-year period, that number would be somewhere between $42 million and $83 million. It was $42 million in the most recent fiscal year.
The credit union business model forces us to capitalize ourselves solely through retained earnings. On the one hand, we have international regulators, federal regulators, provincial regulators, and others asking us to build capital—we understand the reasons why—and at the same time reducing our ability to build capital by taxing the only source that credit unions have to generate capital.
To answer your question, if $42 million less is available to credit unions in terms of capital, at the standard multiplier we used earlier, that would be about half a billion dollars not available to communities across this country for small business and consumer finance.