Such a prospect may be looming in view of concerns voiced by the voluntary savings group that proposed legislation to set up a single new financial regulatory authority will undermine their special ethos and character.
Resentment is growing over what they perceive as a bid to regulate credit unions in the same way as banks.
They fear the Minister is seeking to change the terms of a Bill which would contravene undertakings given to the credit union movement last year.
While acknowledging the need for a regulatory body, they fear the Minister is planning to re-write a provision promising a degree of independence for the community-based league.
Already under intense fire over scrapping grants for first time home buyers, the Coalition can ill-afford the political fall out of yet another row with the credit unions.
It behoves the Minister to assuage fears that a voluntary community group, operating under not-for-profit policy, will not be lumped in with the commercial banks when it comes to regulation.