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RACV Credit Union
The RACV Credit Union was a credit union based in suburban Victoria, Australia that merged with Big Sky Credit Union in 2005. Membership of the credit union was open to staff and families of current and former employees of the Royal Automobile Club of Victoria and to Club Members of the organisation. The credit union was formed in 1972 The credit union had cash handling facilities at its head office within the RACV service Headquarters in Noble Park. In 1978, the credit union was part of a training program for Swinburne College. "Under college supervision, students worked as a team to produce a useful programme for the RACV Credit Union." In 2005 the RACV Credit Union's members voted to transfer their business to the 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 compa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a half ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victoria (Australia)
Victoria is a state in southeastern Australia. It is the second-smallest state with a land area of , the second most populated state (after New South Wales) with a population of over 6.5 million, and the most densely populated state in Australia (28 per km2). Victoria is bordered by New South Wales to the north and South Australia to the west, and is bounded by the Bass Strait to the south (with the exception of a small land border with Tasmania located along Boundary Islet), the Great Australian Bight portion of the Southern Ocean to the southwest, and the Tasman Sea (a marginal sea of the South Pacific Ocean) to the southeast. The state encompasses a range of climates and geographical features from its temperate coastal and central regions to the Victorian Alps in the northeast and the semi-arid north-west. The majority of the Victorian population is concentrated in the central-south area surrounding Port Phillip Bay, and in particular within the metr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 companies. Big Sky became part of Australian Unity in 2012 and was merged with Australian Unity's subsidiary ''Lifeplan Australia Building Society'' which was subsequently renamed ''Big Sky Building Society''. Since 2016, Big Sky's operations, services and website has been increasingly integrated into Australian Unity. History The organisation started at the BHP Employee's Credit Co-operative in the 1970s. As part of a round of consolidation in the Australian Credit Union industry the Big Sky and BP Credit Unions merged on 1 September 2003. The operations of the BP Credit Union were effectively taken over by the management of Big Sky. In the 2006 financial year, the RACV Credit Union transferred its business to Big Sky, including all 2,364 membe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Automobile Club Of Victoria
The Royal Automobile Club of Victoria (RACV) is a motoring club and mutual organisation. It offers various services to members, including insurance and roadside assistance. It has about 30,000 ordinary club members who have access to the lifestyle club properties and 2.1 million service members who hold any product offered by RACV. It operates two clubs for members, in the Melbourne central business district and in Healesville. The City Club was redeveloped in 2005, the Healesville Country Club in 2009. History Automobile Club of Victoria was founded at a meeting held at the Port Phillip Club Hotel on 9 December 1903 called by Syd Day, Henry James and James G. Coleman. Henry James Joseph "Harry" Maddox (1862-1937) was elected as its first President, and H.B. "Harry" James, its first secretary. At that first meeting, a proposal from Henry Sutton, the Australian motoring pioneer, was unanimously adopted: ::"that the objects of the club should be the promotion of a social or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Noble Park
Noble Park is a suburb in Melbourne, Victoria, Australia, 25 km south-east of Melbourne's Central Business District, located within the City of Greater Dandenong local government area. Noble Park recorded a population of 32,257 at the . Noble Park has a mixture of residential, commercial and industrial zones and is home to a highly multicultural population, with residents who have emigrated from Europe, Asia, the Americas, and Africa. History The history of Noble Park as a suburb in Melbourne began in 1909. Allan Buckley nicknamed the land subdivision Nobel Park after the Swedish inventor Alfred Nobel, as Buckley had used the estate to demonstrate Nobel's explosives, but the name was soon transformed to Noble Park by common usage. Early settlement was encouraged by building a community centre, church, school, postal centre and later, a railway station. The postal centre was opened in August 1910 and the railway station was completed in July 1912, but in the ear ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swinburne College
Algernon Charles Swinburne (5 April 1837 – 10 April 1909) was an English poet, playwright, novelist, and critic. He wrote several novels and collections of poetry such as '' Poems and Ballads'', and contributed to the famous Eleventh Edition of the ''Encyclopædia Britannica The (Latin for "British Encyclopædia") is a general knowledge English-language encyclopaedia. It is published by Encyclopædia Britannica, Inc.; the company has existed since the 18th century, although it has changed ownership various time ...''. Swinburne wrote about many taboo topics, such as lesbianism, sado-masochism, and anti-theism. His poems have many common motifs, such as the ocean, time, and death. Several historical people are featured in his poems, such as Sappho ("Sapphics"), Anactoria ("Anactoria"), and Catullus ("To Catullus"). Biography Swinburne was born at 7 Chester Street, Grosvenor Place, London, on 5 April 1837. He was the eldest of six children born to Captain (later Ad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Unions Of Australia
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1972
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 banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
