Australia credit unions offering brushfire-related assistance
Credit Union Australia, the nation’s largest credit union, has pledged money to assist efforts to contain the historic wildfires.
Australia’s credit unions, mutual banks and building societies are providing a variety of services to people affected by the country’s brushfires—ranging from delayed loan payments to additional time off for volunteer firefighters.
“Australia’s customer-owned banking sector has a long history of supporting its customers and communities in times of need,” Michael Lawrence, CEO of the Customer Owned Bank Association (COBA) said.
COBA represents 72 financial institutions serving more than four million members. Lawrence, a member of the board of the World Council of Credit Unions, urged those affected by the fires to contact their financial institutions.
Credit Union Australia, the nation’s largest credit union, has pledged $150,000 to assist efforts to contain the fires and protect properties in New South Wales, Queensland and Victoria. That follows a $50,000 donation the credit union made to the Australian Red Cross.
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