Building societies are one group of lenders generating above-average lending growth. APRA data on the sector shows that building societies recorded growth of around 15 per cent, annualised, in home loans over the September 2010 quarter, or around twice the rate of growth for the remainder of the credit system. Credit unions, by contrast, tempered their rate of growth in home loans over the September quarter. This fell to around 4.5 per cent, annualised, down from growth rates that were slightly better than system earlier this year. Traditional building societies, which is to say large ones that remain mutuals, are leading the charge. John Minz, chief executive of the Heritage Building Society, said the lender "definitely experienced a strong increase in lending in recent months. "Our lending in the last three months, September, October and November, is up almost 30 per cent on the same period last year." Minz said this reflects additional capital funding and improved liquidity ratios. Heritage resumed lending through mortgage brokers.