strength & security

Our strength and financial security are derived from our diverse asset base.

At any time, around 90% of savings deposited with the Credit Union are loaned back to Members through personal, home and investment loans. Our spare funds are invested conservatively. These are mainly in deposits with large regulated Australian Financial Institutions. The Credit Union does not invest in the stock market or overseas.

Credit Unions are regulated by the same Government regulator as the major banks – the Australian Prudential Regulation Authority (APRA). APRA’s supervision is designed to minimise the chance that a Financial Institution will be unable to meet its obligations to depositors. Credit Unions, Banks and Building Societies must all comply with the same set of APRA rules (known as Prudential Standards). We comply with all Prudential Standards and are in a strong and stable financial position.