Community First Credit Union teams with McGrath Foundation to launch McGrath Pink Visa card
12 August 2009
Community First Credit Union has today launched the official McGrath Pink Visa card, the only national “pink” Visa credit card in Australia specifically designed to make a difference to the lives of women diagnosed with breast cancer and their families.
For every year the McGrath Pink Visa is held, Community First will donate half the annual fee ($20) to the McGrath Foundation to support the placement of McGrath Breast Care Nurses in communities across Australia.
The McGrath Pink Visa card was launched today in Sydney by Glenn McGrath, Chairman and Co-Founder, McGrath Foundation; Tracey Bevan, Executive Director, McGrath Foundation; and John Tancevski, CEO of Community First Credit Union.
As the industry body for credit unions and mutual building societies, Abacus – Australian Mutuals welcomes this exciting initiative:
“This is another fantastic example of a credit union epitomizing the principles of what credit unions and mutual building societies are all about - people helping people,” said Louise Petschler, CEO of Abacus.
Credit unions and mutual building societies in Australia are strong, resilient and serve close to 4.6 million people nationally, and have over $70bn in assets. Being Authorised Deposit-taking Institutions (ADIs), they are regulated to the same strict high standards as banks, under the Banking Act and strict oversight by the Australian Prudential Regulation Authority (APRA).
Credit unions and mutual building societies exist for their members: being mutual organisations, their members own them. Instead of maximizing profits to pay external shareholders – like the publicly-listed banks – credit unions and building societies put their profits back into better rates, fairer fees, responsible lending and outstanding customer service.
For more information:
Pamela Eldridge
Media Adviser – Public Affairs
02 8299 9024, 0423 843 790
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