Credit Unions were first born when individuals joined together to form a co-operative financial institution owned and operated by their members according to democratic principles.

Credit Union Members own the Credit Union. They have the right to vote at General Meetings and elect the Board of Directors. The members give the Board authority to oversee the running of the Credit Union and the responsibility to direct the operations of the Credit Union.

Credit Union Members are both shareholders and customers. Members are equal shareholders in the Credit Union having purchased 1 X $10.00 share which are returnable on resignation as a member.

Unlike other businesses where profits are paid out to shareholders as dividends, Credit Union profits are used to benefit all members through improved products and services and competitive interest rates. That means all operating profits are reinvested into YOUR Credit Union.

Credit Unions are an important competitive force in Australia's financial industry and a real alternative to the traditional banks.