Australians urged to switch up their banking on International Credit Union Day

19 October 2017

The Business Council of Co-operatives and Mutuals is urging Australians to mark International Credit Union Day by looking for a better deal on their banking.

“Competitive rates are business as usual for the nearly 80 credit unions and mutual banks across the land,” says the CEO of the Business Council of Co-ops and Mutuals, Melina Morrison.

“They consistently have some of the best deals around on home loans, credit cards and deposit accounts.”

“And credit union customer service is legendary – and award-winning!”

She said people should visit the BCCM website www.switchitup.com.au where they will find more information about their options, as well as assistance in making the switch.

Credit unions and mutual banks are member-owned financial co-operatives that provide an effective and viable alternative to investor-owned financial institutions for over 235 million members in 109 countries worldwide.

4 million Australians are a member of a customer owned banking institution, according to the Customer Owned Banking Association.

Every year the international network of customer owned banks and credit unions celebrates this day and urges customers to switch to a better value bank.

Download Media Release with comparison statistics between CBA and selected credit unions