Illawarra Credit Union exists to provide financial services to our members.
We offer a different kind of banking - one that puts you first. Better service, fairer fees and a community focus are what make us different. Unlike banks, who are owned by their shareholders, we are owned by our members. Instead of paying out profits to shareholders, our profits are used to provide improved products and services for our members.
We are committed to providing our members with excellent customer service, competitive interest rates for borrowing and saving and a diversified range of financial services that meet their ever-changing needs.
It all comes back to you
Our members are part of the 4.5 million Australians who prefer to bank at a place that is not a bank at all.
A place with the products of a major bank, but with consistently better home loan rates.
A place where profits go back to creating better products for members.
InfoChoice has estimated that Australians cost themselves $2.7 billion in excess mortgage payments because they stick with the big banks and don’t seek out other players.
On average, homeowners who take a mortgage out with a credit union or building society are $30,000 better off over the life of the loan.
However, 90% of home loans are still provided by the big four banks because people are unaware of the benefits of credit unions and building societies.
That’s why 82 credit unions and building societies in Australia have joined together with our new circles campaign, it all comes back to our members.
The campaign tells the story about what makes credit unions and building societies a real alternative to banks, and provides a new website, www.comesbacktoyou.com.au where people can find out more information about credit unions and building societies.
Illawarra Credit Union was established in 1972, through the amalgamation of the Collieries Employees Credit Union and Southern Mutual Credit Union.
At that time the Credit Union had three branches in Wollongong and 4250 members.
Over the years, Illawarra Credit Union has become an integral part of the Illawarra Community. We now have more than 30,000 members and nine branches from Campbelltown and Helensburgh in the north to Nowra in the south.
Community Alliance Credit Union Limited
Community Alliance Credit Union was formed in 2003 with the merger of Illawarra Credit Union and Unicom Credit Union.Since then, the Credit Union has operated as a multi branded organisation which was joined by Shoalhaven Paper Mill Employees Credit Union and Western City Credit Union in 2006.
Community Alliance Credit Union is a proudly member-focussed organisation, committed to providing quality financial solutions for the community.
Community Alliance Credit Union has continued to grow and now provides financial solutions for approximately 42,000 members, serviced by 9 branches. The Credit Union has over $450 million in total assets and employs more than 100 people.