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The first loans were issued to a maximum value of $550. In 1968, the credit union's name was changed to the Australian Postal Credit Union and Jack Harvey, a Post Master, was appointed General Manager on a full-time basis. In 1975 members' accounts were fully computerised and term deposits were introduced. [14] 1976–1992
Heritage and People’s Choice Limited, trading as People's Choice, [5] is an Australian credit union based in Adelaide, South Australia.It is one of Australia's largest [4] credit unions, with branches located in South Australia, Northern Territory and Victoria, offering loans, credit cards, transaction and savings accounts, mortgages and insurance.
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In 1978 the credit union became the 12th largest in Australia, with 16,420 members and assets of $14,039,267. In 1981 SWB Family Credit Union merged with Martin Wells Credit Union. In 1981 the credit union moved into most of Penrith as a credit union for all residents, not just employees with payroll deductions.
Credit Union SA was formed on 1 October 2009 by a merger between former South Australian credit unions Satisfac and Powerstate. [6] [7] [8] These credit unions had their origins in the education and industrial sectors respectively. Both Credit Unions have roots in the South Australian community, with Satisfac dating to the 1950s. [9] [10] [11]
Traditional Credit Union Casuarina: Transport Mutual Credit Union: Surry Hills: UniBank Homebush: Division of Teachers Mutual Bank: Unity Bank Sydney: Victoria Teachers (t/a Bank First) Hawthorn East: Warwick Credit Union (t/a Warwick Credit Union, Gympie Credit Union, Dalby Credit Union) Warwick: WAW Credit Union Co-Operative (t/a BankWAW) Wodonga
In 1963, the credit union claimed that 20% of Australian-based Qantas staff were members, which was claimed to have increased to 50% by 1969 and 90% by 1980. [5] In 1970, the word "co-operative" was removed from the name of the organisation.
On December 22nd 2015, Auswide Bank announced a merger with the Brisbane based Queensland Professional Credit Union (trading as Your Credit Union). The merger was completed on May 20th 2016. [12] 2024 in August 2024 it was announced that Auswide Bank and MyState Financial, based in Tasmaina were seeking a merger [13]
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