Ex-mutual targets 'big' home loans

by Caroline Dann14 Sep 2012

Kalgoorlie-based Goldfields Money has announced a plan to write $91m worth of home loans in the next two years, just months after being de-mutualised.

It said it will target high-end loans of $500 - $750k and above, which is roughly twice the average size of a loan. 
Goldfields Money, formely known as Goldfields Credit Union, currently operates two branches in WA, but offers a full online service. 
The home loan plan was revealed in a report this week by Patersons Securities.