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Co-op Advocacy : Australia Last Updated: Nov 28, 2009 - 10:00:09 AM  RSS feed

Credit Unions, Building Societies have no exposure to toxic US loans
By David Griffiths
Oct 7, 2008 - 2:45:06 PM

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Abacus - the industry body for mutuals in Australia - has announced that credit unions and building societies are strong and stable banking institutions and safe from international market upheaval.

Louise Petschler, CEO of Abacus - Australian Mutuals, said that "credit unions and mutual building docieties have no exposure to the toxic loans that have crippled lenders in the USA."

Read the full media release.


Download attachment(s): [ abacusandtoxicloans.pdf ]






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