Capricornian revs loan growth
The Capricornian, a Queensland credit union, reported asset growth of 12 per cent (annualised) over the half year to December 2017.With A$320 million in assets, The Capricornian is one of the few credit unions to report on a six monthly basis to members.Its half-year growth rate is a significant step up from that achieved over the full year to June 2017.Net profit lifted modestly to $1.32 million from $1.28 million over the June 2017 half.Holiday Coast Credit Union, on the NSW mid north coast, has also released a half year report.HCCU reported annualised growth in assets of 5.4 per cent, though loans to members increased by a slight 0.6 per cent.Deposits from members have increased by 5.14 per cent.The profit for the half-year ended December 2017 of $1. 1 million compared with a profit of $754,000 for the half-year ended December 2016. The half year profit compares with $1.56 million for the full year to June 2017.