The Customer Owned Banking Association represents a vigorous and allied group of independent Australian customer owned financial service providers:
- 53 credit unions, 3 building societies and 16 mutual banks (more than 4 million members);
- 9 friendly societies (800,000 members);
- a number of affiliate members.
Collectively, these organisations bring with them the strength of over $100 billion in assets.
Credit unions, building societies and mutual banks offer a competitive banking option with outstanding customer service, an ethos that is committed to local communities, lower and fairer fees and competitive mortgage rates. Find out more about the difference click here.
Friendly societies are member-focused organisations that help Australians plan for life events through the provision of savings, investment and insurance products. These include education savings plans, superannuation products, health and travel insurance and funeral plans. Find out more about friendly societies click here.