founded 1978 origins ; 1997 current incorporation headquarters sydney australia area served australia products transactional banking services ; card processing ; liquidity debt and capital management corporate advisory number of employees 201 500 website cuscal.com.au cuscal limited is an australian authorised deposit taking institution adi that predominately provides transactional banking liquidity and capital management services and products to institutional customers including credit unions mutual banking societies businesses and superannuation funds . cuscal is a member of eftpos payments australia and the australian payments clearing association and is governed by the australian prudential regulation authority apra and australian securities and investments commission asic . cuscal was established in 1992 as the credit union services corporation limited and became credit union services corporation australia limited before changing its name to simply cuscal in december 2005 . 1 cuscal replaced the state based credit union bodies which had been in operation since 1956 . cuscal was incorporated as a special service provider ssp under the financial institutions scheme . it assumed a role of providing liquidity and balance sheet support in addition to aggregated access to money markets to the mutual banking industry through its treasury function . in 1994 cuscal released the credit union code of practice . until the credit union industry association cuia and the australia association of permanent building societies aapbs merged to form a new joint industry association in 2006 the association of building societies and credit unions abacus australian mutuals cuscal also assumed the role of a trade association for australian credit unions and co operatives . cuscal was downgraded by ratings agency standard & poor s from a rating of aa stable a 1 to a stable a 1 in 2011 . services edit cuscal s services include electronic and paper payment processing including eftpos direct entry bpay and member and corporate chequing ; card products including redicard debit and visa debit and credit cards ownership and management of the rediatm network specialised credit union finance facilities network communication services development of payments infrastructure velocity global wallet prepaid visa product treasury services mortgage securitisation services liquidity management and settlement services fixed interest debt securities commonwealth bonds semi government bonds corporate bonds commercial paper asset backed securities interest rate derivatives fixed rate bills fixed rate agreements interest rate swaps financing products including standby letters of credit and guarantees bilateral loan facilities tradeable security brokerage services market and liquidity risk management advisory services fixed income portfolio management services references edit national names index . australian securities and investment commission . retrieved 26 april 2012 . external links edit official website company overview of cuscal limited v t e banking in australia bank regulation australian prudential regulation authority australian competition and consumer commission australian payments clearing association four pillars policy central bank reserve bank of australia big four australia and new zealand banking group anz commonwealth bank of australia national australia bank westpac banking corporation other banks amp bank of melbourne wbc bank of queensland banksa wbc bankwest cba bendigo and adelaide bank cuscal defence bank heritage bank macquarie group me bank bank australia qt mutual bank rural bank suncorp st.george bank wbc teachers mutual bank victoria teachers mutual bank foreign banks arab bank bank of china beirut hellenic bank citibank australia hsbc bank australia ing direct investec rabobank non bank lenders rams wbc mortgage choice ge capital aussie home loans category banks of australia list of banks in australia financial system in australia economy of australia this article about an australian corporation or company is a stub . you can help wikipedia by expanding it . v t e this bank insurance or other financial services corporation article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title cuscal & oldid 701525263 categories australian company stubsfinancial services company stubscredit unions of australiacooperative federationshidden categories use dmy dates from may 2014use australian english from may 2014all wikipedia articles written in australian englishall stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 25 january 2016 at 02 21 . text is available under the creative commons attribution sharealike license ; 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