Credit Unions in Australia - IBISWorld Industry Market Research

Credit Unions in Australia

Credit Unions in Australia - IBISWorld Industry Market Research
Credit Unions in Australia
Published Oct 28, 2014
30 pages — Published Oct 28, 2014
Price US$ 910.00  |  Buy this Report Now

About This Report

  
Abstract:

Like the rest of Australia's Finance subdivision, credit unions have been hurt by the global financial crisis and a slowing economy in 2008-09. Their mutual status, prudent lending and heavy reliance on deposits for funding have shielded the industry to some extent, but the past five years have been difficult nonetheless. As the Australian economy transitions from mining to non-mining sectors, the Reserve Bank of Australia has dropped interest rates to historic lows. This decimated the revenue generated from lending portfolios. Even more detrimental was the effect of credit unions leaving the industry and taking portions of revenue and asset base with them.

This industry consists of financial institutions known as credit unions or cooperatives, which are owned by their members and provide them with banking services, mainly deposit taking and lending.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

  
Source:
Document ID
K6223
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PDF Adobe Acrobat
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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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Cite this Report

  
MLA:
IBISWorld Industry Market Research. "Credit Unions in Australia" Oct 28, 2014. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Credit-Unions-in-Australia-2042-3158>
  
APA:
IBISWorld Industry Market Research. (2014). Credit Unions in Australia Oct 28, 2014. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Credit-Unions-in-Australia-2042-3158>
  
US$ 910.00
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