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LAS VEGAS — Australian credit unions pay both taxes and volunteers. However, like in the U.S., the loss of interchange income is a sore subject.

Louise Petschler, chief executive officer of Abacus-Australian Mutuals, the country’s national credit union trade organization, shared unique aspects of her country’s system during a general session. She was joined on a panel by CUNA Chief Economist Bill Hampel and Herve Guider, general manager of the European Association of Cooperative Banks who hails from Belgium.

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