Swift Code: WPACAU2S
Hunter United Credit Union Reduces Interest Rates – 4 May 2012
Written by Annabelle McNamara
Hunter United has announced it will reduce its Standard Variable home loan to 6.75% (down 29 basis points).
Our Basic Home loan now starts from 6.25% on a $250,000 loan.
Hunter United’s Managing Director, John Ford, said Hunter United has not made any "out of cycle" adjustments to loan pricing and remains priced below the major banks.
"Our ability to pass on a larger reduction in loan rates is limited by the fact that deposit rates remained stubbornly high. That is our funding costs, especially for Fixed Term Deposits, are not showing any significant downward trends”, he said.
These reduced loan rates will be passed onto borrowers from the 30 June, 2012.