Credit unions submission
The Police and Families Credit Union would have to be wound up if the Friendly Societies and Credit Unions Bill became law, said the Police Association’s secretary, Dr R. A. Moodie. Dr Moodie, who is also manager of the union, said it should be' considered different from most other credit unions which for the most part were small and relied on voluntary, unpaid labour. Making a submission to the select commitee studying the bill, which aims to make registration of credit unions mandatory and to restrict the operations of some unions, Dr '■ Moodie said the Police Credit Union was a successful union under professional management. The union had only recovered from a dangerous position caused by the fact that it was run by voluntary labour. Dr Moodie said there were many credit unions in that position today for which the legislation was needed.
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Press, 8 July 1982, Page 3
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146Credit unions submission Press, 8 July 1982, Page 3
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