The development of the federal credit union framework has taken almost a decade to put in place, given the demands of the sector wanting a federal option to be able to grow regionally or nationally. The government and Parliament have responded over the years of developing this framework. Throughout that process, many credit unions have indicated there is uncertainty in moving provincially to federally, and given the uncertainty, that could include impacts on their ability to fund themselves under certain scenarios. The loan guarantee is mainly to deal with transitional risks, moving from the provincial system to the federal system. There are some differences in various provinces, and obviously the criteria is the members of that institution have to agree to move federally. The province has to agree for that institution to move federally, and federal supervisors and the minister have to agree to receive them.
Throughout that process, a member could choose to leave that credit union and potentially remove their deposits or no longer be affiliated. There are scenarios, transitional risks that this is trying to mitigate, and it has been raised by the credit union sector for a long period, that for them to make this decision, having some provision to promote financial stability through that initial period would be helpful.
To answer your question, this is really about financial stability for the institution and for the system.