Tag: customer-owned

BCCM members prominent in Mozo Expert Choice Awards

BCCM members prominent in Mozo Expert Choice Awards

By on September 5, 2017 in Editor's Pick with 0 Comments

BCCM members Bank Australia, Qudos Bank and Police Bank have been recognised for their strong performance in the Mozo Experts Choice Awards. Bank Australia was awarded Australia’s Best Bank, while Qudos Bank and Police Bank were awarded for Outstanding Performance. The results demonstrate the customer focus and competitive product offering and services of mutual banks […]




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Degotardi to step down as COBA CEO

Degotardi to step down as COBA CEO

By on August 11, 2017 in Editor's Pick with 0 Comments

The board of BCCM member the Customer Owned Banking Association (COBA) has announced the resignation of CEO Mark Degotardi. “It has been my privilege to serve as COBA’s CEO. Customer owned banking stands out as the strong, ethical, consumer-focused alternative in retail banking and it has been an absolute pleasure to advocate on behalf of […]




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BCCM urges customers to switch banks

BCCM urges customers to switch banks

By on May 15, 2017 in Editor's Pick with 0 Comments

While the debate about whether the big banks will pass on the cost of the new government levy rages on, the Business Council of Co-operatives and Mutuals (BCCM) is urging Australians to do something practical and vote with their feet by switching to the banks that consistently top the satisfaction surveys – mutual banks and […]




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Customer owned banking continues to grow

Customer owned banking continues to grow

By on June 1, 2016 in Editor's Pick, News with 0 Comments

Latest figures on banking have revealed more Australian families are taking out home loans with the customer owned banking model. Figures released by APRA and RBA show the customer owned banking sector significantly outpaced the market in home loan balance growth over the March 2016 quarter. “These figures are encouraging because they indicate Australians are […]




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Customer owned banks welcome FSI response

Customer owned banks welcome FSI response

By on October 21, 2015 in Editor's Pick, News with 0 Comments

Yesterday, the Federal Government welcomed all but one of the recommendations of the Financial Services Inquiry (FSI), endorsing a vision for a more competitive, more consumer-friendly banking market according to the Customer Owned Banking Association (COBA). The FSI or Murray report released last year, concluded that Australia has a financial system where unfair consumer outcomes remain […]




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Customer owned banking dominates credit card awards

Customer owned banking dominates credit card awards

By on September 24, 2015 in Editor's Pick, News with 0 Comments

Nine of the top ten low-rate credit cards are offered by customer-owned banking institutions, according to the Mozo Experts Choice Awards 2015. Mozo compared 171 credit cards in its database to find the cheapest credit card for cardholders with an ongoing revolving balance and three of the top 10 winners are BCCM members. Community First Credit Union, Teachers Mutual […]




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Scrapping of proposed deposit tax welcomed by COBA

Scrapping of proposed deposit tax welcomed by COBA

By on September 1, 2015 in Editor's Pick, News with 0 Comments

The Federal Government has abandoned plans for a bank deposit tax which would have imposed a 0.05 per cent levy on deposits up to $250,000 from the start of next year. Welcoming the announcement and congratulating the government in not imposing the tax, COBA CEO Mark Degotardi has labelled the decision as “pro-consumer and pro-competition.” The […]




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Better education needed on credit cards

Better education needed on credit cards

By on August 19, 2015 in Editor's Pick, News with 0 Comments

In their submission to the Senate Economics Committee Inquiry into Credit Card Interest Rates, the Customer Owned Banking Association (COBA) has called for measures to empower consumers and promote competition in the credit card market. “Independent consumer polling commissioned by COBA shows low awareness by consumers about their credit card interest rate and who offers the […]




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bankmecu announce name change to Bank Australia

By on July 28, 2015 in Editor's Pick, News with 0 Comments

bankmecu have announced they plan on changing their name to Bank Australia. The name change will come into effect on 17 August. After many months of research including discussions with their current customers and prospective customers, the customer owned bank found that people are looking for a real alternative to the investor owned banks in Australia. […]




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Calls for more promotion of the trusted banking model

Calls for more promotion of the trusted banking model

By on July 10, 2015 in Editor's Pick, News with 0 Comments

The Customer Owned Banking Association (COBA) has called on policymakers and regulators who’ve run out of patience with listed banking institutions, to do more to promote the customer-owned model. In its submission to the Federal Senate inquiry into co-operative, mutual and member-owned firms, the association has stated the need for an improved environment to better accommodate the customer-owned […]




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