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Traditional Credit Union (TCU)Interest, Fees and Charges Brochure.tcu.com.AU ABN 50 087 650 922 ADSL/Australian Credit License 244 255 Version 10, 11 May 2017Contents TCU Interest Fees and charges..............................................................................................................
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Interest fees and charges are additional costs incurred for borrowing money or using credit.
Individuals or businesses who have incurred or charged interest fees are required to file them.
Interest fees and charges can be filled out on the appropriate tax forms provided by the tax authorities.
The purpose of interest fees and charges is to compensate lenders for the opportunity cost of lending money.
The amount of interest fees charged, the period for which they were charged, and the name of the lender must be reported on interest fees and charges.
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