organisational profile
bankmecu is a part of an international cooperative banking movement sharing a commitment to conducting business according to the following principles:
- open and voluntary membership
- democratic control
- non-discrimination
- distribution to members
- building financial stability
- service to members
- ongoing education
- cooperation among cooperatives; and
- social responsibility.
mecu Limited is a mutually owned public unlisted company and is registered with ASICand APRA. bankmecu holds an Australian Financial Service Licence and is an Approved Deposit-Taking Institution (ADI). bankmecu has agreements in place with a number of organisations to provide a range of financial, insurance and ancillary products and services to its members. These include:
- VISA debit and credit cards
- remote banking access products and services including BPAY and bank@Post
- foreign currency
- general insurance
- life and health insurance; and
- financial planning.
bankmecu serves the finance needs of Australian consumers as well as a growing number of community sector and government organisations through a network of Service Centres, a National Call Centre and a range of remote electronic banking services.
bankmecu customers include both individuals and organisations from a number of strategic communities including:
- education
- science
- energy
- government; and
- the community sector.
The majority of customers reside in the State of Victoria.