Mr. Eric Dillon at the Finance Committee

On October 21st, 2014. See this statement in context.

October 21st, 2014 / 4:50 p.m.

Chief Executive Officer, Conexus Credit Union, Credit Union Central of Canada

That's correct.

Again, in my credit union's case, 100% of our capital—99.4%, I believe—is actually retained earnings of the organization. Across Canada it's in the neighbourhood of 80%, whereas the banks' share of capital that comes from retained earnings is somewhere in the neighbourhood of 45%.

See context to find out what was said next.