Finance committee  There were not as far as I know.

Finance committee  Finance held a briefing. We asked them if they would hold a briefing for our credit unions. We had 600 participants. There are 220-odd credit unions in Canada outside of Quebec, not counting Desjardins. We had a lot of interest from the compliance people at the credit unions, the risk managers.

Finance committee  Because of the number of credit unions, of course, as the association representing the credit unions, we worked directly with the RCMP. We managed those lists from the RCMP, put them on a secure site that we have and gave access to our credit unions to be able to pull those lists from the site.

Finance committee  Credit unions are a lot smaller than banks. Our market share is a lot smaller than that of the big six banks, obviously. However, we do have an important part to play. In provinces like Manitoba, almost half of the market share is with credit unions. We serve close to six million Canadians.

Finance committee  Yes, it's our understanding that they did.

Finance committee  That's not always the case, but I would say generally that the government turns to whomever they regulate directly through OSFI, namely the financial institutions. As you know, most of the credit unions—except for two—are regulated provincially. We tend to be a little bit behind in getting information.

Finance committee  Yes.

Finance committee  That's right.

Finance committee  I know it's not the purpose of this committee's current work, but I just want to say that credit unions do stand with our Ukrainian Canadians. We have Ukrainian credit unions in Canada. We condemn, in the strongest terms, the war against the people of Ukraine. Thank you.

Finance committee  Thanks very much, Mr. Chair. Thank you, members of the committee, for the invitation to speak with you today. My name is Martha Durdin. I am the president and chief executive officer of the Canadian Credit Union Association. Joining me today is Michael Hatch, vice-president of government relations.

Finance committee  In terms of real estate, I think there needs to be some thought around how to manage the flow of landlords not paying rent to smaller companies and smaller companies not being able to pay larger ones. At this point, it's being applied very inconsistently by individual large commercial landlords.

Finance committee  Yes. The CEBA is designed such that you need to go with your primary financial institution, which is why it's so important that all financial institutions, credit unions included, have access to the program. If your primary financial institution is a credit union, you need to go to them first—not even first: You need to go them in order to access the program.

Finance committee  Thank you for the question. Are you referring to the—

Finance committee  As you know, credit unions and caisses populaires in Canada do have 20% market share of SME business and small business, particularly in microbusinesses, the very, very small ones. In certain areas of the country they also have very large market share. In the case of Desjardins in Quebec, its market share is in the 40% to 50% range.

Finance committee  It's Martha.