why bank with bankmecu?
bankmecu is a new kind of bank in Australia – a customer owned bankTM. This means we put our customers first because they also own the bank.
We pride ourselves on personal service. We also return benefits to our customers in the form of better interest rates and lower fees. Since 2003, our customers have been collectively better off banking with bankmecu than the major four banks1.
We also offer our customers a more responsible approach to banking.
We take the business of responsible banking seriously because it’s the right thing to do.
People want to bank with someone they can trust with their money and trust to act ethically. bankmecu can make and support this claim.
We design banking products and services that support our customers to achieve their financial goals while also helping them take steps to live more sustainably. We also invest our customers’ money in responsible ways that generate benefits for them as well as create stronger communities and a healthier environment.
In 2010 Ethical Investor recognised us as Australia’s most sustainable small company of the year.
Our responsible approach to banking
bankmecu is Australia’s first customer owned bankTM. Our heritage can be traced back to the mid 1800s in Europe when the first people’s banks were established by bringing people together to pool their money for the benefit of all. Today hundreds of millions of people around the world choose to bank with customer owned financial institutions.
Like all Australian banks, bankmecu is regulated by the Australian Prudential Regulation Authority in accordance with the Commonwealth Banking Act 1959.
bankmecu is also Australia’s strongest and largest customer owned bankTM. Our success has grown from a conservative and more responsible approach to banking; and the strong support we receive from our many customers.
We listen to our customers and their attitudes and values help guide the decisions we take to invest their money in the community, environment and in a range of more responsible banking products and services.
Responsible customer owned bankingTM – experience it for yourself.
bankmecu is proud of and committed to its mutual banking heritage. As a customer owned bank™, we now have the opportunity to better articulate and advocate what we have always stood for - but in a more distinctively modern and relevant way.
our mutual banking history
The following is a list of credit unions that have since joined together to form bankmecu as it is known today.
| list of credit unions that have joined bankmecu |
|---|
| ABG Credit Co-operative Limited |
| Burwood Community Credit Union |
| Choice Credit Union Limited |
| College Credit Union |
| Dependable Credit Union |
| Doncaster and Templestowe Credit Union |
| Education Credit Union |
| Holy Redeemer Credit Co-operative |
| IPC Credit Union |
| Kingmoor Co-operative Credit Society Limited |
| Kraft Employees' Credit Co-operative Limited |
| Laboratories Co-operative Limited |
| Macaulay Community Credit Co-operative |
| Media Credit Union |
| Members Australia Credit Union |
| Moe Credit Co-operative |
| Outlook Credit Union |
| Professionals First Credit Union (APESMA) |
| Provident Credit Co-operative Limited |
| SEC Credit Union (Enterprise Credit Union) |
| Sirocredit (CSIRO Co-operative Credit Society) |
| St Bridgets Co-operative Society |
| St. Agnes of Highett Co-operative Credit Society Limited |
| Tertiary Credit Union |
| Uni Credit Union |
| RegionalOne Credit Union |
| Maroondah Credit Union |
| Kennington Parish Co-op (Golden City Credit Co-op) |
| Sacred Heart Bendigo Co-op (Sandhurst Credit Union) |
| St Kilians Co-op |
| St Mary’s Kyneton Co-op (Kyneton Co-op) |
| Echuca Parish Co-op |
| St Mary’s Castlemaine & District Co-op (Castlemaine & District Co-op) |
| Maryborough Parish Co-op |
| St Columbas Co-op Credit Society |
| St Patrick’s Co-op Credit Society |
| St Mary’s Golden Square Co-op |
| Redan – Sebastapol Co-op Credit Society |
| St Joseph’s Quarry Hill Co-op |
| Daylesford Christian Family Co-op |
| Mildura Parish Co-op |
| White Hills Parish Co-op |
| Mildura Parish Co-op (Mildura Credit) (Sunraysia Credit Union) |
| Stawell Credit Co-op |
| Colac & District Credit Co-op |
| Ballarat Base & Associated Hospitals Credit Co-op |
| M B John Employees Co-op |
| Bendigo Home and Hospital Credit Co-op |
| Bendigo Credit Co-op |
| Ararat Credit Co-op |
| St Alipus Co-op |
| Ballarat East Credit Union Co-op |
| Echuca Parish Co-op (Echuca CU) |
| Bendigo and District Credit Union (North West Country Credit) |
| Ballarat Co-op Credit Union (GoldCredit) |
| Waverley Credit Union |
Credit Unions that changed names have their new names next to them in parenthesis.
To find out more about contact us today!
1Source: bankmecu’s Cannex Valuation report 2003-2012. Canstar Cannex provides fact-based data and ratings to Australian consumers and financial institutions.