As mentioned most credit unions in the country don't need deposits right now. Most already have deposit limits and there are actually very few CU customers who have more than 100k on deposit. Add in to this that the deposit insurance scheme only covers deposits up to 100k means anyone who has more than 100k deposit in any financial institution is essentially a lunatic. On the flipside CU's are being regulated out of existence because of a few bad apples while banks are not having the same rules applied. One has got to ask oneself why? I have asked myself the question why is the Central bank taking such an aggressive stance against the CU's and I think the answer is this - the CBI are not going to get caught out again where there is a chain of losses that they are on the hook for. And they are not giving any credit for the fact that most Credit Unions behaved well during the boom. Finally if you make the assumption that traditionally Credit Unions were the lender of last resort for those with poor credit or low incomes what you do now is push those people towards the moneylender where the rules become so tight they cant get money from the CU. The Central Credit Register will exasperate this for those with poor credit records because they will have to check this register for all credit being applied for over 2k.