Accolades for the mutual sector as credit unions and building societies win Money’s Best of Best Awards
01 December 2010
Credit unions and building societies have been awarded 18 gold awards in Money Magazine's 2011 Best of the Best Awards, which is the 10th year of these prestigious awards.
Along with 18 gold awards, over 30 credit unions and building societies were placed as finalists in the awards.
"This is a fantastic achievement for our sector. Every year we see credit unions and mutual building societies performing extremely well in Money magazine's Best of the Best Awards as they offer exceptional products at exceptional value," said Abacus CEO Louise Petschler.
"This comes at a time in which the Treasurer is calling the mutual sector the fifth pillar of banking, and a real competitive option for consumers. We've known for some time of the excellent pricing, benefits and value of what credit unions and building societies offer consumers, and it is wonderful to see their hard work being recognised by winning these prestigious awards. I congratulate all winners on their fantastic achievements."
The gold winners for credit unions and building societies are:
- BCU – Best Line of Credit Loans
- Police Credit – Best Savings Accounts – Regular Deposits
- Unicredit WA – Best Everyday Accounts (Branch Access)
- Gateway Credit Union – Best Everyday Accounts (Electronic Access)
- Cairns Penny Savings & Loans – Best Kids' Savings Accounts
- FCCS Credit Union – Best DIY Super-Savings Accounts
- Heritage Building Society – Best Term Deposits – Short Term
- Warwick Credit Union – Best Term Deposits – Long Term
- Credit Union SA – Cheapest Credit Cards
- Credit Union SA – Cheapest Balance Transfer Credit Cards
- First Option Credit Union – Cheapest Personal Loans
- Memberfirst Credit Union – Cheapest New Car Loans
- Newcastle Permanent Building Society – Cheapest Home Loan Packages
- Newcastle Permanent Building Society – Cheapest Flexible Home Loans
- Greater Building Society – Best Five-Year Fixed Investment Loans
- Savings & Loans Credit Union – Cheapest Business Transaction Accounts
- Heritage Building Society – Cheapest Business Credit Cards
- Queensland Teachers Credit Union – Best Innovative Product for their "Rate Tracker Home Loan"
"To find a credit union or building society near you, go to www.comesbacktoyou.com.au," said Ms Petschler.
For more information, please contact:
Pamela Eldridge
Senior Adviser - Media, Public Affairs
(02) 8299 9024; 0423 843 790
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