HomeView 2017 Media ReleasesInternational day to celebrate customer owned model

The Customer Owned Banking Association today celebrates International Credit Union Day and the competitive difference co-operative banking offers customers worldwide. 

The Customer Owned Banking Association today celebrates International Credit Union Day and the competitive difference co-operative banking offers customers worldwide.

Financial co-operatives have more than 235 million customers in 109 countries providing outstanding products and service and delivering positive economic and social change.

This year’s theme, “Dreams Thrive Here” aims to show the many ways financial cooperatives serve customers.

In Australia, consumers are responding to the great products and service offered by the customer owned banking sector, which collectively has 4 million customers.

The latest APRA quarterly statistics show housing loans from customer owned banking institutions grew by 7.7% in the last year and the sector increased deposits by 7.3% annually.

This is further evidence of Australian consumers wanting to bank with mutual banks, credit unions and building societies. When talk turns to competition in banking, more and more Australians are turning to customer owned banking.

Total customer owned banking sector assets now exceed $108 billion.

Like financial co-operatives around the world, the customer owned model in Australia puts the customer first through excellent service and highly competitive home loans, personal loans, credit cards and deposit products.  

International Credit Union Day is recognised by the World Council of Credit Unions, the global trade association and development agency for credit unions and other financial cooperatives.

To find out more about activities around the world go to the WOCCU International Credit Union Day information page here

Media Release92.08 KB

For more information please contact:

Daniel McDougall, Senior Manager – Media and Communication

02 8035 8444 or 0407 637 541, This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Customer Owned Banking Association is the industry body for credit unions, mutual banks and building societies.  See www.customerownedbanking.asn.au

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Media Contacts

Mick Gibb
Corporate Affairs Manager
P: +61 2 8035 8444
M: +61 423 149 494
Email Mickcontact-arrow

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