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Customer owned banking reaches historic $100 billion milestone

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Australia’s customer owned banking sector today celebrated a historic milestone in reaching $100 billion in total assets.

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Award winners show strong customer owned alternative

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The AFR Smart Investor Blue Ribbon Awards provide Australian banking consumers with further evidence about the great banking product range and service available through customer owned banking.

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FSA - Age and Service Pension Funeral Bond exemption limit is now $12,500

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The Friendly Societies of Australia (FSA) welcomes the determination that the funeral bond allowable limit will increase to $12,500 from $12,250. The new limit applies from 1 July 2016.

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COBA welcomes ALP commitment to co-ops

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COBA welcomes Labor’s election promise today to review legislation and regulations affecting member-owned co-operatives and mutuals in Australia.

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Awards show customer owned banking edge

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Recognition of the customer owned banking model in major industry awards is welcome news and further evidence of the way our sector is setting the standard in banking.

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New figures show growing customer owned banking model

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The latest figures on banking have revealed more Australian families taking out home loans with the customer owned banking model.

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New campaign calls on Politicians to deliver Banking System that’s Better for All

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A new campaign calling for a banking system that’s Better for All has been launched, encouraging candidates this Federal election to support a system that delivers a fair go for consumers and for banking institutions big and small.

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Customer owned partnerships spark growth and innovation

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Partnerships in the customer owned banking sector that lead to further growth and innovation are welcomed by the Customer Owned Banking Association.

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ASIC funding welcome but culprits should pay

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Funding for corporate regulator ASIC to address major bank misconduct is welcome, but the levy should be paid for by those who are responsible for the scandals.

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Royal Commission won’t change major banks

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A Royal Commission into banking scandals may help deliver justice to victims of past major bank misconduct but the key to a better future is implementing the Financial System Inquiry (FSI) reform agenda.

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COBA warns against delays to banking reforms

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COBA has warned against any delay to reforming Australia’s banking market, as indications emerge that some reforms could take as long as five years to implement.

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Report underlines need for co-operative approach

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Today's Senate Inquiry report into co-operatives, mutuals and member owned firms is a strong endorsement of a business model that puts customers first.

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Call to support banking model that won’t fail culture test

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Politicians sick of seeing major banks in the headlines for all the wrong reasons will have a chance to take action when a new report is released into the co-operative and customer owned business sector in Australia.

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Call for tax changes to spark innovation and competition

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COBA has called for tax changes in the Federal Budget to spark innovation, promote greater banking competition and deliver more consumer choice.

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COBA welcomes ASIC review on debt management firms

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The Customer Owned Banking Association says a review of debt management firms by ASIC is a welcome development, particularly for vulnerable consumers.

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Media Contacts

Daniel McDougall
Senior Manager - Media
Ph: 02 8035 8444
Mob: 0407 637 541
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Luke Lawler
Head of Public Affairs
Ph: 02 8035 8448
Mob: 0418 213 025
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