Credit Unions in Victoria

Below is a list of credit unions in Victoria, state of southeastern Australia. Melbourne is the capital of state, with a population of over 5 million.

EECU Limited – A credit union with more than 6,000 customers in Australia and abroad. In 2017 it launched a new brand - Nexus Mutual.

Central Murray Credit Union provides financial products in North East Victoria and Southern New South Wales. It offers personal and business accounts, term deposits, consumer loans, insurance, payment services, debit cards, and mobile and online banking. It is headquartered in Yarrawonga, a town on the south bank of the Murray River.

First Option Credit Union, rebranded to First Option Bank in 2018, is a member-owned financial institution with $250 million in assets and $230 million in deposits.

Goulburn Murray Credit Union, based in Shepparton, is part of the communities of central Victoria. GMCU has branch locations in Violet Town, Seymour, Numurkah, Mooroopna, Kyabram, Kilmore, Euroa, Echuca and Benalla. The CU's members have access to cash fee free rediATM network with more 3,000 ATMs. Secure banking with app for iPhone and Android is available.

Pulse Credit Union, based in Melbourne, offers products and services through four branches and agency in Victoria. It was founded in 1976 and merged with La Trobe University and Melbourne University credit unions in 2011.

Austral Credit Union Ltd, founded in 1969, merged with Savings and Loans Credit Union (SA) in 2008.

AWA Credit Union, established in 1969, changed its name to AWA Mutual Limited in March 2015. AWA Mutual is an agent of Bendigo and Adelaide Bank.

Big Sky Credit Union, founded in 1971, merged into LifePlan Australia Building Society in 2012.

Defence Force Credit Union Ltd, incorporated in 1975, was rebranded to Defence Bank in 2012 and currently operates around 40 branches across Australia.

La Trobe University Credit Union Co-Operative was founded in 1971 and merged with Pulse Credit Union in 2011.

Maroondah Credit Union, founded in 1959, was acquired by Mecu Ltd in August 2009.

Members and Education Credit Union (Mecu) changed its trading name to Bankmecu on September 1, 2011 and became the first customer-owned bank in Australia. In August 2015, it was rebranded to Bank Australia.

Melbourne University Credit Union, incorporated in 1970, provided deposit and lending products, investments, insurance, online banking, foreign exchange and other services. It was acquired by Pulse Credit Union in October 2011.

Old Gold Credit Union Co-Operative, founded in 1971, was deregistered in 2017.

RegionalOne Credit Union Limited, headquartered in Bendigo, was established in 1971. It was acquired by Mecu Ltd, a Victoria's largest credit union, in 2009.

South-West Credit Union (previously known as Warrnambool and District Credit Co-operative) was established in 1964. In last year, it reported profit after tax of $203,250 compared with $188,410 in 2017, net interest revenue of $3.4 million and 1.2 million of card transactions.

Victoria Teachers Credit Union, founded in 1972, changed its name to Victoria Teachers Mutual Bank (now Bank First) in 2012.

WAW Credit Union Co-Operative, formed in 1976, serves over 30,000 customers in North East Victoria and Southern New South Wales through branches in Wodonga, Beechworth, Chiltern, Corryong, Moulamein, Myrtleford, Lavington, Yackandandah Tallangatta, Walwa, and Wangaratta, among others.

Woolworths Employees' Credit Union – An authorised deposit-taking Institution with $117 million in total assets and $100 million in deposits.

Updated as of November 1, 2021