The board of the Fraternity Club at Fairy Meadow have placed it into voluntary administration, after creditors made attempts to have their unpaid loans repaid.The two unsecured creditors from the Illawarra Italian community made the claims for their money a fortnight ago and members were informed of the developments on Tuesday night.Club president Mick Cuda said the decision to appoint administrator Gregory Parker, from Parker Advisory, was made because the board believed it would be the best way to look after the interests of the club, the two unsecured creditors and two other finance firms with which the Fraternity Club has outstanding loans.Mr Cuda said the club was in its strongest position since receiver Robert Brennan was appointed by the major creditor Banksia Finance Group in August last year and a new board was elected in November."The unsecured creditors had the power to put the club into liquidation, but it is harder to come out of that," Mr Cuda said."The club has been trading profitably for the last few months and is on its way up."It is business as usual."Mr Cuda said the board had spent capital improving the club's entertainment, restaurant, bathrooms and poker machines, in order to increase patronage.He said the board had also made significant cutbacks, while a futsal competition being held on the club's grounds over recent times had been very profitable.The club still owes about the same as it did a year ago - $11.5 million - but Mr Cuda said after overcoming the global financial crisis, it was in a better position to be able to consolidate debts into one low-interest bank loan soon.Mr Brennan would remain in his role as receiver while the club was under administration. Receivers from Hall Chadwick were also appointed by the other major creditor, Fast Fix Loans, last month and would also remain.