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CEO Update 30 June 2017

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CEO Update

They say times are always changing and that has certainly never been truer than now for Northern Inland as a business. It is an exciting and challenging time for financial institutions, with the rapid advances in digital banking offerings and increasing expectations from the public to embrace these.  New industry wide regulations from the banking regulator APRA have also caused the landscape to change with respect to loan offerings, whereby investor and interest only lending now have some restrictions applied to them.  Despite this, and due to our strong relationships with Members, Northern Inland continues to grow steadily with total outstanding loans exceeding $210 million. Total assets will finish the financial year around $265 million.

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Introducing Osko

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In the near future, Northern Inland Members will be able to make quick and easy real-time payments thanks to Australia's New Payments Platform.

You won't need to worry about your BSB and Account number. With your unique PayID, you will find yourself saying to friends, family and businesses - 'I'll Osko it to you'.

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Federal Budget 2017/18

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On Tuesday 9 May, the government handed down the Federal Budget.

Bridges Financial Services have released a budget summary to help explain how the Budget may affect you.

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