Despite absorbing higher funding costs, Australian Central Credit Union today reported a healthy after-tax profit of $12.1 million for the financial year ending June 2008
The result was up a modest 0.39 per cent from last year.
“We absorbed costs associated with rising interest rates and this has impacted on our profit, but it was absolutely the right thing to do for our members,” managing director of ACCU Peter Evers said.
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Published: 19-08-08
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