Founded 1949 | Number of employees 1,100 | |
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Key people John Cossons, Chair of Board of Directors, Steve Laidlaw, Chief Executive Officer Website peopleschoicecu.com.au/ CEO Steve Laidlaw (11 Jan 2016–) Motto Run by members, not by numbers Subsidiaries Savings & Loans Credit Union (SA) Limited Profiles | ||
People's Choice Credit Union is one of Australia’s largest credit unions, offering loans, credit cards, transaction and savings accounts, financial advice and insurance.
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With over 1,100 employees, $10.1 billion of funds under management and advice, 353,000 members, 45 branches and 4 advice centres and a network of more than 3,000 rediATMs across Australia, People’s Choice Credit Union offers an alternative to the ‘big four’.
Created through the merger of Australian Central Credit Union and Savings & Loans Credit Union in December 2009, People’s Choice Credit Union’s origins date back to 1949.
People’s Choice Credit Union is involved socially and economically with its members and the wider Australian community. This involvement takes many forms, including:
History
It has merged with a number of other credit unions in its history, including the Northern Territory Credit Union. In August 2009, it announced plans to merge with another credit union, Savings & Loans, with the first post-merger branch opened in December 2010.
On 27 June 2011, members of the credit union voted to change the name to People's Choice Credit Union, this change was adopted on 18 July 2011. Ironically, the members of Australian Central Savings and Loans were not given a list of names to choose from, and instead were given a Hobson's choice. They were given one name at a time, in ignorance of any other possible names, until there were enough votes to approve the name they were asked to vote about. The first name proposed was People's Credit Union. This name failed. The second name proposed was People's Choice Credit Union which passed the vote in the 27 June meeting.
Awards
People’s Choice Credit Union has been recognised with numerous awards for its products and services, including: