Bank Australia

Bank Australia is an amalgamation of 72 credit unions and co-operatives. Starting in 1957 as the CSIRO Co-operative Credit Society, the bank expanded to become Australia’s first customer-owned bank in 2011, trading under the name Bankmecu.[4]

In 2015, the bank rebranded as Bank Australia.[5]

Former Australian credit unions that have been absorbed into Bank Australia:

• 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 Parish Co-op (Echuca CU)
• Education Credit Union
• Fitzroy and Carlton Community Credit Co-op
• Holy Redeemer Credit Co-operative
• Intech Credit Union[6]
• 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
• M B John Employees Co-op
• Macaulay Community Credit Co-operative
• Maroondah Credit Union
• Maryborough Parish Co-op
• Media Credit Union
• Members Australia Credit Union
• Mildura Parish Co-op
• 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)
• 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
• St. Agnes of Highett Co-operative Credit Society Limited
• Stawell Credit Co-op
• Tertiary Credit Union
• Uni Credit Union
• Waverley Credit Union
• White Hills Parish Co-op

Bank Australia’s position is that a responsible bank can make society better, and that where people and organisations put their money has a big impact on the world.

The company’s responsible banking policy defines how it embeds its values into the way it does business. Its full range of deposit and home lending products are certified as responsible by the Responsible Investment Association of Australasia (RIAA) .

Bank Australia is a signatory of the United Nations Global Compact , a member of the Global Alliance for Banking on Values and RE100 and is a Founding Partner of the Victorian Government’s TAKE2 pledge.

In 2018, Bank Australia launched their Clean Money campaign.

The campaign is based on the idea that where people put their money can do good, not harm, to people and the planet.

Bank Australia states that their money is clean because it is never loaned to industries such as:

• Fossil fuels
• Live animal exports
• Weapons
• Tobacco
• Gambling

They say they prioritise lending to:

• Individuals, ensuring it is an amount they can afford to repay
• Community housing and specialist disability accommodation
• Sustainable and affordable housing
• Community renewable energy projects
• Not-for-profits

Bank Australia has made a range of public commitments to sustainability and environmental practices.

Bank Australia is 100% Australian based and has a public commitment to keep jobs in Australia.

The company’s head office is in Kew, Victoria and its National Contact Centre is located in Moe in the Latrobe Valley in Victoria.

Bank Australia has branches in ACT, QLD, NSW, South Australia and Victoria .

Bank Australia offers a full suite of banking products including everyday banking, savings, term deposits, personal and car loans, home loans, credit cards and commercial banking services.

It operates digital banking services through internet and mobile app banking. Customers also have access to Apple Pay, Google Pay and Android Pay, Round UP, and fee free withdrawals at Bank Australia ATMs and all of the major banks’ ATMs.

As an authorised deposit-taking institution (ADI) , Bank Australia is covered under the Financial Claims Scheme . Bank Australia is guaranteed by the Federal Government, as per other Australian banks.

Banksia Sustainability Award, Banksia Foundation

• 2018 Winner: Banksia Large Business Award[8]

Business Leadership Award, Climate Alliance

• 2018 Winner: Board Leadership of the Year

CANSTAR[9]

• 2019 5 Star Rating: Home Lender
• 2018 Winner: Customer-Owned Institution of the Year award
• 2018 Winner: Customer-Owned Institution of the Year – Everyday Banking
• 2019 Winner: Customer Owned Institution of the Year

Mozo[10]

• 2019 Winner: Excellent Banking App
• 2019 Winner: Outstanding Customer Satisfaction
• 2019 Winner: Excellent Customer Service
• 2019 Winner: Highly Trusted
• 2019 Winner: Most Recommended
• 2018 Winner: Green Car Loan

Bank Australia launched a domain name dispute on 21 January 2016 for the domain names bankaus.com.au and bankaustralia.com.au. In a single-member judgement on behalf of the WIPO Arbitration and Mediation Center, the claim was denied. As the domain names in question were registered in 2011 and 2008 respectively, there was no evidence that their owner had registered them to 'prevent the owner of a name, trademark or service mark from reflecting the mark in a corresponding domain name' (cybersquatting) or 'primarily for the purpose of disrupting the business or activities of another person'.[11]

• Bank Australia homepage