MELBOURNE, Australia - National Australia Bank Ltd. (NAB) said it will extend a offer a $1 million, interest-free loan to help underwrite the building of credit union branches to serve indigenous populations in this country’s Australia’s Northern Territory.
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In addition, the bank said it will be providing additional financial and in-kind support over the next five years to the Traditional Credit Union, the largest indigenous-owned and operated financial institution in Australia. It is anticipated the bank’s funding will help expand TCU’s precense in the state by 40%.(c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved.http://www.cujournal.com http://www.sourcemedia.com
