Financial Hardship Assistance
Financial Hardship Assistance - Telstra Credit Union
| We will always provide assistance should you find yourself facing financial difficulty. Helping each other is the credit union way. |
| Prevention is always better than cure, and unlike many of our competitors in the banking industry, we have always taken a prudent approach to lending, always with the welfare of our members uppermost in mind. The first principle of our socially responsible lending policy is to avoid placing members in financial hardship in the first place. As a direct result, we have one of the lowest levels of impaired mortgage loans across the Australian banking sector. While our members are coping with the effects of global recession better than most, unemployment is on the rise round the world and some people will not be immune from these forces. We have a range of options for assistance available to members with loans who lose their jobs or otherwise fall into financial difficulty. Working cooperatively with our members, together we will assess how best to meet these challenges, based on members capacity to meet their obligations. Falling behind? If you find yourself facing difficult financial circumstances such as an inability to repay your loan, contact us to discuss your options. |
| To view the principles that we adhere to, please click here. |
