Credit Unions
If you are a member of a credit union then you are an owner of that organisation. This means you have an equal and important voice in how your credit union is operated.
We focus on what’s best for our members – not share price movements. As mutuals we are not under pressure to maximise external shareholder returns.
Instead, we can focus on what our members need- competitive rates, fairer fees, responsible lending and outstanding customer service.
Our members tell us they like what we deliver. We have a strong connection to the communities we operate in so we understand what our members want.
According to Roy Morgan Research, as an industry we consistently have the highest levels of customer satisfaction among banking groups*.
Credit unions are founded by groups of like-minded people who are committed to the principle of giving back to the communities they serve.
Each credit union listens to their community and this is reflected in pricing and products, as well as community investment and initiatives.
Further commitment to the community has been made through socially responsible activities, environmental sustainability and financial literacy both in Australia and overseas.
- Infochoice analysis suggests that you could save over $35,000 on your home loan by choosing a credit union or building society instead of a major bank*;
- You can access a full range of transaction and savings accounts, including access to national ATM networks;
- Based on Canstar Cannex data (9 April 2023), 3-month term deposit rates (for $10,000) were up to 1.58%p.a. more than the average rate of banks*;
- A large range of secured and unsecured personal loans, including car loans are available;
- Both credit cards and scheme debit cards are offered; and
- You also have access to insurance, financial planning and many other services.
*Information sourced from www.comesbacktoyou.com.au.