Credit Union Australia delivers tidy $10.5 million profit.

Credit Union Australia (CUA) has reported a half yearly profit of $10.5 million against a forecast $9.2 million and have seen assets under management increase from $2.7 billion to $2.9 billion over the same period. CUA reported robust lending activity to Dec 31, writing in excess of $550 million in loans with a majority being sourced from home loans. CUA report a total of 215,000 members and an intention to increase their existing branch structure across Australia currently numbered at close to 50 locations