Australian Unity is an Australian
mutual company
A mutual organization, or mutual society is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a true cooperative, members usually do not contribute to ...
having its origins in the
friendly societies movement. It was formed as the
Manchester Unity Independent Order of Oddfellows
Manchester () is a city in Greater Manchester, England. It had a population of 552,000 in 2021. It is bordered by the Cheshire Plain to the south, the Pennines to the north and east, and the neighbouring city of Salford to the west. The t ...
(MUIOOF) in
Melbourne
Melbourne ( ; Boonwurrung/ Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a metro ...
, Victoria, on 7 December 1840 by eight men including Thomas Strode, publisher of the
Port Phillip Gazette
There were two Australian periodicals called The ''Port Phillip Gazette.''
The first was the second newspaper published in Melbourne, in the then Port Phillip District and what is now Victoria, Australia. It was first published by Thomas Strod ...
and
Augustus Greeves, inspired by
Independent Order of Oddfellows Manchester Unity. In 1993, Manchester Unity merged with the
Australian Natives' Association to form Australian Unity. Later mergers occurred with
Grand United Friendly Society in 2005, Lifeplan Australia Friendly Society in 2009, and
Big Sky Credit Union
Big Sky Credit Union (BSCU) was an Australian based credit union formed by the current or ex-employees, contractors or service providers of BHP, BP and the Royal Automobile Club of Victoria and their subsidiaries, affiliated or divested compani ...
in 2012.
[ ] Australian Unity has about 8,500 employees across
healthcare
Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health pro ...
,
insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
and
banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
(in the guise of
Big Sky Credit Union
Big Sky Credit Union (BSCU) was an Australian based credit union formed by the current or ex-employees, contractors or service providers of BHP, BP and the Royal Automobile Club of Victoria and their subsidiaries, affiliated or divested compani ...
) divisions.
In 2012, Big Sky was merged with Australian Unity to become the banking arm of Australian Unity. Ownership of Big Sky Credit Union Limited was transferred to Australian Unity Limited's subsidiary Lifeplan Australia Building Society Limited and renamed Big Sky Building Society Limited. Members of Big Sky Credit Union became members of Australian Unity.
The
Manchester Unity Building
The Manchester Unity Building is an Art Deco Gothic inspired office and retail building in Melbourne, Victoria, Australia, constructed in 1931–32 for the Manchester Unity Independent Order of Oddfellows. The soaring stepped corner tower on a p ...
is a neo-Gothic
Art Deco
Art Deco, short for the French ''Arts Décoratifs'', and sometimes just called Deco, is a style of visual arts, architecture, and product design, that first appeared in France in the 1910s (just before World War I), and flourished in the Unit ...
skyscraper in Melbourne, Australia, constructed in 1932. Another Melbourne building formerly owned by Manchester Unity Oddfellows, at 335-347 Swanston Street, constructed in 1940-41, opposite the
State Library of Victoria
State Library Victoria (SLV) is the state library of Victoria, Australia. Located in Melbourne, it was established in 1854 as the Melbourne Public Library, making it Australia's oldest public library and one of the first free libraries in th ...
, was compulsorily acquired by the
Commonwealth government
The Australian Government, also known as the Commonwealth Government, is the national government of Australia, a federal parliamentary constitutional monarchy. Like other Westminster-style systems of government, the Australian Government ...
in 1947.
History
;Manchester Unity Independent Order of Oddfellows (MUIOOF)
;Australian Natives' Association
;Grand United Friendly Society
Grand United Order of Oddfellows Friendly Society (GUOOFS)
;Lifeplan Australia Friendly Society
;Big Sky Credit Union
References
{{Banking in Australia
Friendly societies
Medical and health organisations based in Australia
Financial services companies of Australia
Insurance in Australia
Health insurance in Australia
Organizations established in 1840
Financial services companies established in 1993
1993 establishments in Australia
Companies based in Melbourne