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merged redirected or deleted . find sources cua company news newspapers books scholar jstor free images march 2014 learn how and when to remove this template message learn how and when to remove this template message credit union australia type credit union customer owned financial institution industry financial services banking founded 1946 key people rob goudswaard ceo alan beanland chairman products banking investment insurance financial planning number of employees 927 2011 website cua.com.au cua credit union australia is a credit union in australia . it is the largest customer owned financial institution in australia . 1 it provides financial services including everyday banking home loans insurances credit cards personal and car loans superannuation and financial planning to its 400 000 customers . contents 1 overview 2 history 3 references 4 external links overview edit the credit union affiliates with the rediatm network which is the largest atm network in the country with more than 3400 atms . 2 cua has 60 branches located around australia . since its inception the organisation has acquired a large portfolio of assets under management whilst also investing in a number of co operatives . cua is an authorised deposit taking institution adi supervised by the australian prudential regulation authority apra under the banking act 1959 cwlth . 3 cua is also supervised by the australian securities and investments commission asic under the corporations act 2001 cwlth and has been granted an australian financial services licence and an australian credit licence . history edit cua was officially founded in 1946 . it was created through the amalgamation of several small queensland based credit unions in the 1940s and had around 180 members in total . since then through the joining of more than 150 credit unions it has become the biggest customer owned credit union in australia . 4 1946 1965 the origins of cua can be traced back to a few small credit unions in the 1940s including the catholic thrift and loan co op in 1946 the thrift and loan credit union in 1948 5 and the postal workers co op credit society in 1949 . 1966 1975 after several mergers in 1966 the queensland postal cooperative now cua was founded by staff of the general post office in brisbane . 6 the first loans were issued to a maximum value of 550 . in 1968 the credit union s name was changed to the australian postal credit union and mr jack harvey a post master was appointed general manager on a full time basis . 7 in 1975 members accounts were fully computerised and term deposits were introduced . 1976 1992 in 1976 the credit union purchased a travel agency to provide discount travel to members . in 1977 full insurance was provided including cua health . 8 in 1978 it introduced 24 hour atm access for members . it was officially renamed credit union australia in 1980 and had more than 30 branches . various amalgamations continued and between 1978 and 1992 credit union australia cua continued to introduce new products and services including 24 hour atms financial planning housing loans and visa cards . 1993 2006 credit union australia rapidly expanded its presence into victoria new south wales and australian capital territory and western australia through various mergers . in 1996 fixed home loans were introduced to offer members an alternative to variable rate home loans . following its merger with australian national credit union ancu credit union australia became the country s largest credit union by membership staff numbers and assets . 9 credit union australia was named credit union of the year for four years in a row by the australian banking finance awards . 2007 2010 in 2007 credit union australia rebranded to cua and merged with victorian based plenty community credit union in 2010 amassing more than 380 000 members making it the biggest credit union in australia . that same year the federal treasurer wayne swan credited cua for bringing competition to australian banking when it dropped its standard variable home loan by 25 basis points outside of any official rate movement . 10 cua was named credit union of the year at the australian banking finance awards in 2010 . 11 2010 onwards in 2012 cua aimed to further differentiate itself from the big four by rolling out a number of new products . alongside cua super and cua pension it launched its cua rate breaker home loan package which offered a discounted one per cent lower interest rate than the average of the big four banks variable rate . in 2013 the product won best innovator award from australian lending awards 2013 and a 5 star rating from canstar . 12 in 2012 the youth esaver account was launched an online transaction account designed specifically for 10 to 17 year olds . in november 2013 cua updated its whole core banking system to bancs . 13 in 2014 cua won best non bank and best non mutual at the australian lending awards . 14 references edit customer owned banking association australian mutuals safe & competitive says treasurer swan customer owned banking association 2013 rediatm about rediatm rediatm apra list of authorised deposit taking institutions apra april 2014 customer owned banking association submission to the financial system inquiry customer owned banking association march 2014 australian credit union archives thrift and loan credit union limited the 1948 1987 australian credit union archives 2013 australian credit union archives credit union australia limited 1966 australian credit union archives 2013 world council of credit unions inc cua celebrates significant milestone world council of credit unions inc 2014 privatehealth.gov.au www.privatehealth.gov.au dynamic insurerdetails.aspx code cps cua health limited cps privatehealth.gov.au the age company ltd. two largest credit unions to unite the age company ltd. 12 october 2005 the sydney morning herald credit unions cautious when it comes to banks the sydney morning herald 3 june 2013 australian banking and finance ab f awards 2010 winners announced australian banking and finance 4 june 2010 canstar home loan star ratings canstar september 2013 financial review cua banks on 60m it overhaul to shake up big four financial review 12 november 2013 australian lending awards 2014 winners australian lending awards 2014 external links edit cua website retrieved from https en.wikipedia.org w index.php title cua company & oldid 733058310 categories banks established in 1946credit unions of australia1946 establishments in australiahidden categories use australian english from august 2016all wikipedia articles written in australian englishwikipedia articles with possible conflicts of interest from april 2014wikipedia references cleanup from april 2014all articles needing references cleanuparticles covered by wikiproject wikify from april 2014all articles covered by wikiproject wikifyarticles with topics of unclear notability from march 2014all articles with topics of unclear 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