CUA makes re-entry into broker market

27/02/2012

CUA, Australia’s largest customer-owned financial institution, has today announced its re-entry to the broker market, specifically via Mortgage Choice and SmartLine, offering homebuyers across Australia even more convenient access to CUA’s competitive range of home loan products.

According to Darrin Northey, CUA’s Group General Manager, Distribution, CUA has been looking to re-engage with the broker network for some time and believes the move will help ensure its award-winning home loans are even more widely available to customers and available in the same space as products from the major banks. CUA’s products will be available from the 1st March, 2012.

“Given nearly one in two homebuyers seeks out a home loan via a broker, CUA’s re-entry into the network means we will be expanding the reach of our products to a greater potential audience. Not only does this give more Australians the opportunity to access our highly competitive products and rates, it also supports our long-term growth strategy,” said Mr Northey.

“We have been planning our re-entry into the broker network for some time and are confident that now is the right time, with the right commercial terms, for us to make that move. CUA offers a broad range of home loan products to suit every homebuyer’s needs, including market leading rates on both Three Year Fixed and Standard Variable home loan products,” concluded Mr Northey.

CUA is 100 per cent owned by its customers, which means that instead of paying out dividends to shareholders, all profits are reinvested back into the business to deliver more competitive products, better rates and lower fees.

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