Login
ISCOVER
The FBAA has reported a 32 per cent growth in memberships for 2013/2014 after growing 33 per cent in the previous financial year.
Chief executive Peter White told The Adviser that the association is on track to record 37 per cent net growth in 2014/2015.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Mr White said the FBAA has approximately 3,800 members, but that figure rises to 11,400 if one includes the other industry staff who work with those members.
The growth in memberships was especially pleasing considering there is no mandatory requirement by any aggregator or lender to be an FBAA member, he said.
"We are an association of choice, and our leadership structure has always been run by brokers with extensive industry experience and understanding," he said.
"We've placed a big emphasis on prioritising the issues that our members really care about – issues that will help them grow their business."
Mr White said the growth in membership was due to the association focusing on areas that have been traditionally difficult for the industry.
"We moved forward in the area of vendor finance this year, and we even entered into discussions with the Consumer Action Law Centre in order to build a stronger relationship," he said.
"This is beneficial, as more open dialogue on industry matters helps us both understand the other's position."
Mr White said the most significant role that the FBAA plays is in its continued discussions and lobbying with the government, members of parliament, regulators and industry representatives.
"I believe the FBAA is the industry's key point of contact with the government," Mr White said.
[Related: FBAA slams credit agencies as error-prone and hard to reach]
