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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
Credit Union SA is a South Australian Credit Union headquartered in Adelaide, with a branch at 400 King William Street, Adelaide. Credit Union SA is South Australia's third largest Credit Union, with over 50,000 members and more than $1 billion in assets. [ 1 ]
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.
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.
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
Over succeeding years, mergers among 72 other credit unions and co-operative banks eventually led to the creation of the Members & Education Credit Union (mecu) in 2003, which became Bankmecu in 2011, and Bank Australia in 2015. Bank Australia is a member organisation of the Global Alliance for Banking on Values and is a certified B Corporation ...
The organisation started at the BHP Employee's Credit Co-operative in the 1970s. As part of a round of consolidation in the Australian Credit Union industry the Big Sky and BP Credit Unions merged on 1 September 2003. The operations of the BP Credit Union were effectively taken over by the management of Big Sky.
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