APRA figures show strong customer owned growth

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Growing support for the customer owned sector

South West Credit today welcomed quarterly statistics from APRA which show growing support from Australian consumers banking with the customer owned sector.
“Australians are responding to the customer and community focus and comprehensive banking experience provided by Credit Unions,” South West Credit CEO David brown said.
“These results follow a KPMG report last week which noted the Credit Union industry’s strong financial performance, investment in technology and further growth opportunities.
“APRA’s quarterly performance statistics highlight the value and strength of banking delivered through a customer owned model.”
The APRA quarterly statistics show:
• Housing loan growth of 1.3%
• Deposits growth of 2.1%
• Total customer owned banking sector assets now exceed $110 billion.
“It’s extremely encouraging to see our sector growth continue.
Credit unions like South west Credit are offering compelling products and services to more than 4 million Australians.

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