Australia’s mutual banks, credit unions and building societies are expressing their deepest sympathies to those impacted by the devastating bushfire emergency across the country and stand ready to assist customers who are impacted.
Customer Owned Banking Association (COBA) CEO Michael Lawrence says Australia’s customer owned banking institutions will work with customers to help support them as they rebuild their lives and properties.
COBA is World Council of Credit Unions' (WOCCU) direct member in Australia, representing 72 financial institutions that serve more than four million customers.
“Australia's customer owned banking sector has a long history of supporting its customers and communities in times of need. Customer owned banking institutions offer a range of measures to assist customers that are impacted by the bushfires, many of which continue to burn. The bushfires are devastating for individuals and communities. Our thoughts are with those whose properties and lives have been impacted, as well as for the firefighters that are working to protect lives and property," said Lawrence, who also serves on World Council of Credit Unions' (WOCCU) Board of Directors.
Lawrence is advising those impacted customers to contact their mutual bank, credit union or building society. Contact details can be found here.
Customer Owned Banking Association is the industry body for mutual banks, credit unions and building societies in Australia.
