Mr. Speaker, co-operatives and credit unions are very important. They are also very democratic. It is member based, and members take care of each other. In my riding, there are quite a few co-ops, and as a result of what I learned after having been on the special committee for co-operatives, I know they are based out of a need. They come together and create jobs. They are democratic and give back to the community. When credit unions make money, they do not get rich or give bonuses to the higher ups, they give back to the community. That is something we need to encourage. This is a good measure and a step in the right direction to keep this credit. It is a simple step.
In the House of Commons on May 7th, 2013. See this statement in context.