Get notifications in real-time for staying up to date with content that matters to you.
By: Staff Reporter
A new report has found that the business model of credit unions in Australia is stable and sustainable.
According to the Moody’s report, released yesterday, the strength and stability of the sector is underlined by low-risk loan books.
However, the report also found that the sector is subject to intense competition thanks to tight funding conditions.
“Intense competition, predominantly for deposits, is driving up funding costs and will remain one of the key challenges for credit unions with limited alternative funding sources due to the reduced demand in the RMBS market,” the report said.
If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.
The lender for self-employed borrowers has appointed two BDMs in ...
The non-major bank has said that it will accept e-signatures on p...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
