2006 Media Release Archives
Credit Unions top personal loan ratings
19 December 2006
Independent research group CANNEX has found that credit unions and mutual building societies are offering almost all of the top personal loans in Australia.
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Largs Bay mariner gives $10,000 to charity
19 December 2006
Quentin Williams, a tug-boat operator from Largs Bay, is celebrating Christmas more than most this year – he’s $10,000 richer and is sharing the Christmas spirit around by donating $10,000 to the Guide Dogs of SA.
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Peak Body Now Represents 90% of Industry
26 November 2006
Australia’s largest mutual building society, Heritage, has joined Abacus – Australian Mutuals, the peak body for Australian credit unions and mutual building societies.
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Credit unions and building societies No. 1
22 November 2006
An independant survey conducted by Smart Investor magazine has found that credit unions and mutual building societies have the highest level of customer satisfaction of any financial institution.
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Mutuals deliver banking services across Australia
10 November 2006
The mutual financial services sector offers a different kind of banking as alternative providers of community-focused banking and financial services for all Australians.
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More Surveillance Under New Anti-money Laundering Laws
27 October 2006
Customers of financial institutions, including members of credit unions and building societies, will be subject to significantly increased surveillance with the implementation of new anti-money laundering and counter-terrorism financing (AML/CTF) laws.
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Fight fraud on your computer
26 October 2006
More than half of all adult Australians are now accessing the internet from home, but are putting themselves at risk unless they have up-to-date security software and take a prudent approach to staying safe online.
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New evidence: Credit unions and building societies returning profits to members
24 October 2006
KPMG Financial Institutions Performance Survey 2006 Building Societies and Credit Unions released.
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Community banking benefit measured
18 October 2006
Members of credit unions and mutual building societies across Australia are saving an average of $112 each year as a direct benefit of banking with organisations they own.
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True community banking recognised
18 October 2006
Two Australian credit unions have been awarded $25,000 for their positive impact on the community and the environment.
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Big Sky Credit Union scoops the pool in national awards
18 October 2006
Big Sky Credit Union has beaten credit unions and building societies from across Australia to win two national awards for innovation and outstanding leadership.
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Queensland Teachers' best in community service
18 October 2006
Queensland Teachers Credit Union has beaten credit unions and building societies from across Australia to win a national award for excellence in community service.
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Time to comply with Anti-Money laundering reforms.
17 October 2006
Credit unions and building societies have welcomed today's announcement of a reasonable transition period for sweeping new anti money laundering (AML) laws.
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APRA highlights customer focus as key for mutuals
17 October 2006
A strong understanding of the needs of their customers will be needed if credit unions and building societies are to defend their market position.
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Credit unions and mutual building societies set agenda in Perth
15 October 2006
Credit unions and building societies came together to form Abacus – Australian Mutuals in July this year. Abacus has 135 members organisations representing the majority of Australian credit unions and mutual building societies.
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Stand Up For Your Credit Union
06 October 2006
Abacus – Australian Mutuals has urged members of Police and Nurses Credit Society to stand up for their credit union.
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Credit Unions and Building Societies welcome credit reforms, urge effective targeting
29 September 2006
Credit unions and mutual building societies have welcomed moves by the Victorian Government to protect vulnerable consumers and address poor lending practices.
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Credit Union members value mutuality
17 August 2006
Last night’s vote by members of the Police & Nurses Credit Society (PNCS) in Perth to stop carpetbaggers from influencing the future of their credit union is good news for credit unions and mutual building societies across Australia.
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Interference in member rights condemned
11 August 2006
Abacus - Australian Mutuals, the national association of credit unions and mutual building societies, today condemned attempts to interfere in the upcoming Police & Nurses Credit Society (PNCS) Special General Meeting next week.
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27 July 2006
Abacus – Australian Mutuals, the Association of Building Societies and Credit Unions, today announced the appointment of its Chair and Board of Directors.
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Public education crucial on new AML laws
13 July 2006
Credit unions and building societies say a well-resourced public education campaign is essential to explain new anti money laundering (AML) and counter terrorism financing (CTF) laws to consumers.
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Credit Unions and Building Societies Unite to form "Abacus"
01 July 2006
Australian credit unions and mutual building societies have united to promote choice and competition in banking through a new industry body - Abacus - Australian Mutuals.
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Credit Unions Act on Email Scam
19 June 2006
The Credit Union Industry Association (CUIA) is warning all credit union members to be aware of scam phishing emails that are being sent to credit union members today.
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Payments Reform in a Muddle
27 April 2006
The RBA's decision today to single out the popular Visa Debit payment card for punitive action will boost the number of credit cards in circulation.
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Orange Light Flashing on AML Bill
20 April 2006
CUIA has welcomed a Committee's finding that some fundamental privacy, consumer and civil rights issues may have been overlooked in proposed new AML laws.
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Credit Unions Fight Back On Corporate Social Responsibility
08 April 2006
Credit unions are fighting back against social responsibility claims, by measuring for the first time their own social, environmental and economic performance.
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Credit Unions and Building Societies Join Forces
24 March 2006
A new group is being formed to represent the interests of 4 million Australians who are members of credit unions and mutual building societies across Australia.
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Building Societies and Credit Unions Join Forces
21 March 2006
A new group is being formed to represent the interests of 4 million Australians who are members of mutual building societies and credit unions across Australia.
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Australia's first environmentally - and financially - friendly credit card
16 March 2006
One of the Australia's largest credit unions has launched the first PVC-free credit card in the country - the mecu Environmentally Friendly Visa Credit Card.
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Money laundering via your savings account
02 March 2006
University students and others tempted to respond to job ads offering easy money working from home should beware.
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26 February 2006
Credit unions across Australia have committed not to approach members asking for private financial details by phone or email.
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Credit Union's Community Banking Role Recognised
09 February 2006
Bendigo Bank's application to register "Community Banking" has been withdrawn - acknowledgment of credit unions' long history in providing community banking.
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No need to know a bank at all - 'community banking' not unique
02 February 2006
Australian credit unions have rejected claims from Bendigo Bank that the provision of community banking through its franchise model is somehow "unique".
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