ABS year book highlights value of financial co-operatives

Abacus Australian Mutuals

Australian customer owned banks have featured in the latest Australian Bureau of Statistics Year Book, in recognition of United Nations International Year of the Co-operatives.

The ABS has produced its 92nd edition of the Year Book Australia which includes five sections on the co-operative business model locally, including a focus on financial co-operatives and the strength of the customer owned banking sector.

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Peter Russell-Clarke
Iconic TV chef and co-ops champion, Peter Russell-Clarke
"...because a lot of profit made from human effort is vanishing out of the local community where it is generated, we are becoming acutely aware that we need to join hands and protect each other by striving together to the benefit of our neighbours as well as our own family. We need to co-operate with each other - Bravo the co-operatives amongst you."

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