WA's largest locally owned banking institution Police & Nurses Credit Society has announced that it will follow the Reserve Bank, cutting the full interest rate on its variable home loan produc
Competition in the housing loans market is being bolstered by a revival of wholesale funding, with Australian Finance Group re-launching its securitisation business and Police & Nurses Credit Society launching its first-ever issue of mortgage-backed secur
Last week's takeover of United Credit Union continues a long run of Western Australian financial institutions falling prey to interstate and overseas predators; but surprisingly, this trend has done little to dampen competition.
Police & Nurses Credit Society has upped the ante in its takeover defence against Home Building Society by announcing a valuation of at least $420 million, or $6,000 per member.