Credit Unions

PFS’s clients include a significant number of individual credit unions as well as Abacus ‑ Australian Mutuals, the industry body for the Australian mutual financial services sector.

PFS provides these clients with an extensive range of services including:

• Compliance advice under the relevant legislation, including the National Credit Code (NCC) and the Unfair Contract Terms (UCT) provisions of the ASIC Act
• Methodology and models to determine break fees on fixed interest rate mortgages
• Methodology and models to calculate establishment fees and administrative costs, and to determine how best these should be recovered
• Financial modelling and calculators, e.g. to produce comparison rate schedules