StateWest overcomes cooling home loan market

StateWest Credit Society chief executive Greg Wall says the housing market “will slow a bit but we don't see it plummeting.” Wall said StateWest expected to maintain the 2004 full year net profit of $8.1 million, in part due to fees from selling insurance and financial planning products. StateWest has about $600 million in home loans and is the third largest credit union in Western Australia.