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Summary of Benefits Provided

The following benefits were provided by the Fund during the period:

Loans

During the period, 2,199 loans were made compared to 2,021 in the previous period (1 July 2017 – 30 June 2018) and, as a result, the total amount of the loans increased from $8.1m in the previous period to $9.4m.

The breakdown of loans made in the year ended 30 June 2019 and 30 June 2018 is as follows:

Nature

Loans Made

Percentage of Cases

Year ended 30 Jun 19

Year ended

30 Jun 18

Year ended 30 Jun 19

Year ended 30 Jun 18

General Purpose Loans

1,762

1,633

80.13

80.80

Trainee Loans

7

1

0.32

0.05

Special Loans

12

10

0.55

0.49

Christmas Loans

418

377

19.00

18.66

TOTALS

2,199

2,021

100.00

100.00


Expenditure on loans in the years ended 30 June 2019 and 30 June 2018 was as follows:

Nature

Year

Year ended 30 Jun 19

$

Year ended 30 Jun 18

$

General Purpose Loans

8,809,477

7,746,856

Other Loans

56,541

44,391

Christmas Loans

609,800

377,000

TOTALS

9,475,818

8,168,247


Grants

During the period 31 grants (28 from funds held in Keeping Watch and 3 from other funds held by the Fund) totalling $72,332 were made to assist serving members and their dependants.