Credit Unions: It all comes back to our members
Credit unions and building societies put their profits into creating better products for members, rather than giving returns to shareholders like the banks.
You might see this logo on some of our brochures and advertising – it shows that we’re part of a group that offers Australians a way of banking without the banks. A way of banking that’s fair for everyone.
This won’t take the place of our current name or logo, and it isn’t the logo of our new merged credit union, which will be launched later this year.
Credit unions and building societies like People's Choice offer the same products as banks, but with consistently lower fees and better rates.
Our sole purpose is to help our members save and borrow money to get ahead in life. Members deposit money with us to earn interest. Then we use those deposits to make loans to other members.
What’s more, as an account holder you have a direct say in how we’re run by voting in our annual Election of Directors. Plus all members can run for election to the Board.
To find out more about the differences between credit unions and banks, visit www.comesbacktoyou.com.au