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Southern Cross Credit Union Home Loans rated 5 stars for Outstanding Value

Announcement posted by Southern Cross Credit Union 04 May 2016

Home Loans from local financial institution Southern Cross Credit Union have received a 5 star award rating in the Outstanding Value – Home Loans category from Canstar in the latest ratings released on April 22, 2016.  

Southern Cross Credit Union CEO Stuart Edwards said, “We are very proud to achieve a 5 star rating for our Platinum Home Loan products and celebrate the awards as proof of our commitment to providing value to our customers, while at the same time positioning ourselves to attract new customers and to remain a viable banking alternative in the fiercely competitive banking environment.”

“Our lending growth rates have well and truly passed our expectations seeing us achieve an annualised growth rate of 18%. This has a lot to do with our competitive interest rates, product offering and the ease with which customers can deal with us to fulfil their dreams of home ownership.

The lending market is incredibly tough and competitive at the moment, further intensified by the lowest interest rate economy.

“We are very proud of this outstanding result in the current environment especially when the growth of many of our competitors’ remains relatively flat.”

Canstar is Australia and New Zealand’s most comprehensive specialist research service for financial products. Canstar ratings balance price and features to ensure ratings are a reflection of overall value for consumers.


About Southern Cross Credit Union

Southern Cross Credit Union (SCCU) has been serving the financial needs of the Northern Rivers community for 50 years. With a vision to be the first choice for easy to understand banking, SCCU offers a range of competitive banking products and services including home and personal loans, savings and term deposits, insurance, financial planning, foreign currency services and more.