Mr. Speaker, to be very truthful, I am not sure how many credit unions will take us up on this but there is a number.
This came from our consultations with Canadians. Credit unions came to us and asked to be regulated federally so they could expand their operations to encourage more members.
Credit unions in our country are a great success story. They are membership owned. We have encouraged that. This is an opportunity for them to participate. One of the issues we faced when we were in our cross-country consultations prior to budget 2009 was access to credit. That was one of the most critical issues for individuals and for businesses. The more ways we can provide credit all across the country, the better it is for the employers to create more jobs in the country.