The industry body representing the nation's credit unions, building societies and mutual banks has taken out full page advertisements in Sunday newspapers challenging the big banks on customer service and interest rates.
Australian mutuals today received a stamp of approval with the launch of a commemorative stamp recognising 2012 as the United Nations International Year of Co-operatives.
No rate cut, no worries - Mutuals already better by half
07 February 2012
Big bank customers disappointed by the RBA's rate decision today can give themselves a "rate cut" by switching to mutuals who offer better alternatives, according to independent market data.
