Police Credit Union Savings Safe & Guaranteed

Australia has the strongest banking regulatory system in the world - all credit unions (including Police Credit Union), building societies and banks meet exceptionally high standards on capital, liquidity, risk management and governance as set down by the regulator, APRA. Under the Banking Act deposits in all Australia's credit unions, building societies and banks are safe. All deposits made after 10 September 2011 are guaranteed under the Financial Claims Scheme (FCS) as follows:

• Up to 1 February 2012 - $1 Million
• From 1 February 2012 - $250,000

All deposits with the Police Credit Union are safe and Members can be assured in knowing that their funds with the Police Credit Union have added protection”, states PCU’s Chief Executive Officer Bruce Williams.

Members requiring any further details should contact the Credit Union’s Assistance Centre on 131 728.