about bankmecu

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
Ararat Credit Co-op
Ballarat Base & Associated Hospitals Credit Co-op
Ballarat Co-op Credit Union (GoldCredit)
Ballarat East Credit Union Co-op
Bendigo and District Credit Union (North West Country Credit)
Bendigo Credit Co-op
Bendigo Home and Hospital Credit Co-op
Burwood Community Credit Union
Choice Credit Union Limited
Colac & District Credit Co-op
College Credit Union
Daylesford Christian Family Co-op
Dependable Credit Union
Doncaster and Templestowe Credit Union
Echuca Parish Co-op (Echuca CU)
Education Credit Union
Fitzroy and Carlton Community Co-op
Holy Redeemer Credit Co-operative
IPC Credit Union
Kennington Parish Co-op (Golden City Credit Co-op)
Kingmoor Co-operative Credit Society Limited
Kraft Employees' Credit Co-operative Limited
Laboratories Co-operative Limited
Macaulay Community Credit Co-operative
Maroondah Credit Union
Maryborough Parish Co-op
M B John Employees Co-op
Media Credit Union
Members Australia Credit Union
Mildura Parish Co-op (Mildura Credit) (Sunraysia Credit Union)
Moe Credit Co-operative
Outlook Credit Union
Professionals First Credit Union (APESMA)
Provident Credit Co-operative Limited
Redan – Sebastapol Co-op Credit Society
RegionalOne Credit Union
Sacred Heart Bendigo Co-op (Sandhurst Credit Union)
SEC Credit Union (Enterprise Credit Union)
Sirocredit (CSIRO Co-operative Credit Society)
Stawell Credit Co-op
St Agnes of Highett Co-operative Credit Society Limited
St Alipus Co-op
St Bridgets Co-operative Society
St Columbas Co-op Credit Society
St Joseph’s Quarry Hill Co-op
St Kilians Co-op
St Mary’s Castlemaine & District Co-op  (Castlemaine & District Co-op)
St Mary’s Golden Square Co-op
St Mary’s Kyneton Co-op (Kyneton Co-op)
St Patrick’s Co-op Credit Society
Tertiary Credit Union
Uni Credit Union
Waverley Credit Union
White Hills Parish Co-op

Credit Unions that changed names have their new names next to them in parenthesis.

To find out more about bankmecu 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.

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