Great Southern Bank (formerly Credit Union Australia or CUA) is a customer-owned bank based in
Brisbane
Brisbane ( ) is the capital and most populous city of the Australian state of Queensland, and the third-most populous city in Australia and Oceania, with a population of approximately 2.6 million. Brisbane lies at the centre of the South ...
,
Queensland
)
, nickname = Sunshine State
, image_map = Queensland in Australia.svg
, map_caption = Location of Queensland in Australia
, subdivision_type = Country
, subdivision_name = Australia
, established_title = Before federation
, establishe ...
, Australia. As of 2013, it is the largest customer-owned financial institution in Australia. It offers banking and insurance services to 420,000 Australians.
Overview
Great Southern Bank is a
mutual bank. It is Australia's largest customer-owned banking organisation
with over 40 branches located around Australia, largely on the east coast. The contact centres are located in Sydney and Melbourne. It is also a member of the Customer Owned Banking Association (COBA), adhering to a Customer Owned Banking Code of Practice
Great Southern Bank has two fully owned subsidiary companies – CUA Health Ltd (Health Insurance) and Credicorp Insurance ltd (consumer credit insurance). On 26 May 2021, it was announced that CUA Health Ltd would be sold to
HBF.
History
The earliest precursor to Great Southern Bank was officially founded in 1946. It was created through the amalgamation of several small Queensland-based credit unions in the 1940s and had around 180 members in total. Since then, through the joining of more than 171 credit unions , it has become the biggest customer-owned bank in Australia.
[Customer Owned Banking Association]
"Submission to the Financial System Inquiry"
, ''Customer Owned Banking Association'', March 2014
Timeline
Recent recognition/awards
* Forbes - Worlds Best Banks 2022
* Canstar - Customer-Owned Institution of the Year winner 2022
* Canstar - Savings 2022
Sponsorship
Principal partner - Brisbane Heat Cricket team
Major sponser - Carlton AFL team
See also
*
Banking in Australia
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank. There are several smaller banks with a presence throughout the country, and a large number of ...
*
List of banks in Australia
The following is the list of banks in Australia, as well as restricted ADIs, credit unions, friendly societies and subsidiaries and branches of foreign banks in Australia. Financial institutions in Australia are supervised by the Australian Pr ...
*
List of banks in Oceania
This is a list of banks in Oceania
Australia
Central bank
*Reserve Bank of Australia
Major banks
*ANZ Bank
*Citibank Australia
*Commonwealth Bank
*HSBC Bank Australia
*National Australia Bank
*Suncorp
*Westpac
Local banks
*BankSA
* Bank of Me ...
References
External links
Official website{{Banking Industry in Australia
Banks established in 1946
Credit unions of Australia
Australian companies established in 1946