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Credit Unions in Australia like all other Credit Unions are financial
institutes that are owned by the members of the unions and work in
providing financial assistance to its members. They are largely popular
because of their low interest rate on loans and higher returns on
investment in comparison to a Bank. They are regulated by Australian
Prudential Regulation Authority and laws are covered by the Corporations
Act. Australia has many Credit unions, a few of the popular ones are:
Credit Union Australia
www.cua.com.au
Address: GPO Box 100, Brisbane QLD 4001.
Telephone: (02) 9391 8708
Mobile: 0439 746 405
It is the largest credit union in Australia. It has 70 branches and
three regional centers located all over the eastern coast and Perth. It
has 400,000 customers and aims at turning a static mutual sector into a
dynamic competitor by growing its market share over the banks.
Teachers Credit Union (NSW)
www.teacherscreditunion.com.au
Addresses: (head quarters) Homebush, 28-38 Powell Street, Homebush NSW
2140.
Telephone: (02) 9704 8205
It is the biggest credit union in the state of New South. It has the
highest assets of 42 billion amongst all the unions. Member ship is
restricted to serving, retired and future teachers and administrative
staffs in state schools. It spreads across the states of NSW, ACT and
NT. Credit Union is committed to integrating its financial performance
with non-financial criteria to enhance the value for its Members and
stakeholders.
Credit Union SA
www.creditunionsa.com.au
Head Office: 400 King William Street, Adelaide SA 5000
Telephone: (08) 8202 7777
Powerstate and Satisfac credit unions merged on 3rd May 2010 to form
Credit Union SA. They are committed in providing top-notch financial
service with friendliness.
Savings & Loans
www.savingsloans.com.au
Telephone: 13 11 82
Mail: GPO Box 463, Adelaide SA 5001.
It was merged with Australian Centre Last year to form “Savings & Loans
Credit Union - a Division of Australian Central Ltd”. It allows its
members to vote for Board of Directors which sets Savings & Loans’
strategic regulations.
Community CPS Australia
www.communitycps.com.a
Address: Adelaide, 44 Waymouth Street, Adelaide SA 5000
Telephone: 08 8205 8888
It is one of the most influential credit unions in Australia with 46
personal financial centres, 178,000 members and 550 employees across
South Australia They charge no account keeping fee. Anyone is become a
member here.
Big Sky Credit Union
www.bigsky.net.au
Address: 550 Princes Hwy, NOBLE PARK, VIC, 3174
Telephone: (03)97903700
It is run as a cooperative and has rigid regulations. It aims at
increasing involvement of members and its profits are used to promote
lower interest rates on loans and higher rates on deposits for its
members.
Queensland country credit
http://www.qccu.com.au/
Phone: 07 4750 3300
Address: PO Box 679 Aitkenvale Qld 4814
With 23 branches all over Australia and 50,000 members, Queensland
Country credit is one of the most popular credit unions in Australia.
Australian Central Credit Union SA
http://www.accu.com.au/
Telephone: 131321
It was established as Credit Unions by groups of ABC employees, Postal
Technicians in Adelaide, and, BHP employees in Whyalla. It merged with
Savings & Loans credit union and now manages assets over $7.4 billion.
My State Financial Credit Union (Tasmania)
http://mystate.com.au
Phone: 138 001
Address: Claremont - Claremont Village Shopping Centre (it has 12
branches)
Formed after merging several credit unions, it is the largest
Tasmanian-owned financial institution, with strong roots in the
Tasmanian community. Within its 50 years of operation it has grown to
serve 120,000 customers and $1.7 billion in assets.
Stass Credit Union
http://qantascu.com.au/home.html
Address: 420 Forest Road, Hurstville NSW 2220
Telephone: 1300 747747 (Contact Hours: 8.00am to 5.00pm Mon - Fri)
It is the credit union of Qantas Airways employees. Formed in 1959 with
a handful of members it has grown to become a strong organization of
80,000 members.
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