Human Resources committee  Certainly. Credit unions are just as profitable and perform just as well as major banks, but they have a different development model. Witnesses who spoke earlier mentioned the risks, losses and difficulties in assessing risks. However, because of the important relationships it has with its entire community, our credit union has a loan-loss rate that is lower than the overall rate for the Mouvement Desjardins unions.

Human Resources committee  Thank you, Mr. Chair. I would like to thank committee members for having invited us to participate in this meeting. The Caisse d'économie solidaire Desjardins is a cooperative financial institution which is a member of the Mouvement Desjardins, the biggest cooperative financial group in Canada.