That is the way credit unions operate, Mr. Chair. What happens in our world is as retained earnings grow and capital grows in the credit union system, that money can be leveraged. The beauty of the credit union business model today is that this money doesn't end up offshore in profit to a shareholder, but rather gets returned to communities. The credit union retains enough to invest in its future and build a sustainable model, and over and above that the money is lent out to support businesses in Canada.
On October 21st, 2014. See this statement in context.