Is Queenslanders Credit Union safe? We have been established since 1963 and currently manage a significant amount of assets for Queenslanders and their families. Our membership base is very strong and stable, i.e. public sector employees and their families. We also conform to strict Government Legislation.

Credit Unions were governed/regulated under the Qld Cooperative & Other Societies Act and later in 1986 by The Credit Societies Act. There was a further change in 1992 when they came under the Financial Institutions Code (National Legislation) and as from 1/7/2023 under APRA (Australian Prudential Regulation Authority).

There is a strong perception among consumers that credit unions rate ahead of competitors in interest rates, fees, friendliness and community orientation. As a non-bank financial institution or “Credit Union” our direct competitors are other state public service Credit Unions and Building Societies, Regional Banks and Major Banks.