Credit Union Australia
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Native name
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Credit Union Australia Limited |
|---|---|
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Credit union Member-owned financial institution |
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| Industry |
Financial services Banking |
| Founded | 1946 |
| Headquarters | Brisbane, Australia |
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Key people
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Rob Goudswaard CEO Alan Beanland Chairman |
| Products | Banking Investment Insurance Financial planning |
| Total assets | 8.8 billion† (2011) |
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Number of employees
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927 (2011) |
| Website | cua.com.au |
CUA (Credit Union Australia) is a credit union in Australia. It is the largest member-owned financial institution in Australia. It provides financial services including everyday banking, home loans, health and general insurances, credit cards, personal and car loans, superannuation and financial planning to its 440,000+ customers.
The credit union affiliates with the rediATM network which is the second largest ATM network in the country with more than 3400 ATMs. CUA has 60 branches located around Australia. Since its inception, the organisation has acquired a large portfolio of assets under management, whilst also investing in a number of co-operatives. CUA is an authorised deposit-taking institution (ADI) supervised by the Australian Prudential Regulation Authority (APRA) under the Banking Act 1959 (Cth). CUA is also supervised by the Australian Securities and Investments Commission (ASIC) under the Corporations Act 2001 (Cth) and has been granted an Australian Financial Services Licence and an Australian Credit Licence.
CUA was officially founded in 1946. It was created through the amalgamation of several small Queensland-based credit unions in the 1940s and had around 180 members in total. Since then, through the joining of more than 171 credit unions, it has become the biggest member-owned credit union in Australia.
In November 2013, CUA updated its whole core banking system to baNCs. In 2014, CUA won Best Non-Bank and Best Non-Mutual at the Australian Lending Awards.
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