Healthy tiddler fades in pristine shape

Ian Rogers
Mining, Maritime and Power Credit Union is another active leader in mergers at the small end of the mutual ADI market.

Newcom Collieries - then Australia's smallest credit union with a meagre A$48 million of assets - folded into MMPCU earlier this year.

Newcom's 2014 financials are worth a scan. Custodians of this business reported no arrears and no impairments in an entity that had essentially ceased new lending - underlining one potential misconception about small-scale credit unions.