Credit unions are owned by their members - the people who save and borrow with them - and provide a full range of community banking products and services.
Credit unions are financial institutions, but they are not banks. While we meet the same regulatory standards as the biggest banks - we are 'authorised deposit taking institutions' regulated under the Banking Act, APRA oversight and the Corporations Act - credit unions offer a different kind of banking to their members.
It's a different kind of banking because each credit union is committed to the financial wellbeing of its members. Every member is a shareholder, with an equal vote and say in how the credit union is run.
Fairer fees, better service and easy-to-understand financial products are just some of the reasons why people choose to join a credit union.
Excellent customer service is one of the core values of the credit union industry. Our values are built around the principles of co-operation, integrity, trust, and financial prudence. Credit unions care about their members and their community - our values are part of our day-to-day operations
There are 1241 different credit unions operating throughout Australia. Together they hold more than $42.5 billion in assets, providing community banking services to more than three-and-a-half million Australians.
Whether you are looking to buy a car, purchase a house, for transaction accounts or to invest for the future, credit unions have the resources and experience to help you reach your goals.
Credit unions offer highly competitive loan rates, attractive savings rates and lower fees compared to many other financial institutions.
