Total assets 8.8 billion†(2011) Number of employees 927 (2011) | Headquarters Brisbane, Australia Founded 1946 | |
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Native name Credit Union Australia Limited Type Credit union
Customer-owned financial institution Industry Financial services
Banking Key people Rob Goudswaard CEO
Alan Beanland Chairman Products Banking
Investment
Insurance
Financial planning CEO Rob Goudswaard (2 Feb 2015–) Subsidiaries Credicorp Finance Pty Ltd, Cua Health Limited, Credit Union Australia Limited, Asset Management Arm Profiles | ||
CUA (Credit Union Australia) is a credit union in Australia. It is the largest customer-owned financial institution in Australia. It provides financial services including everyday banking, home loans, insurances, credit cards, personal and car loans, superannuation and financial planning to its 400,000+ customers.
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Overview
The credit union affiliates with the rediATM network which is the second largest ATM network in the country with more than 3400 ATMs. CUA has 60 branches located around Australia. Since its inception, the organisation has acquired a large portfolio of assets under management, whilst also investing in a number of co-operatives. CUA is an Authorised Deposit-taking Institution (ADI) supervised by the Australian Prudential Regulation Authority (APRA) under the Banking Act 1959 (Cwlth). CUA is also supervised by the Australian Securities and Investments Commission (ASIC) under the Corporations Act 2001 (Cwlth) and has been granted an Australian Financial Services Licence and an Australian Credit Licence.
History
CUA was officially founded in 1946. It was created through the amalgamation of several small Queensland-based credit unions in the 1940s and had around 180 members in total. Since then, through the joining of more than 150 credit unions, it has become the biggest customer-owned credit union in Australia.