Big Sky Credit Union (BSCU) was an Australian based

credit union A credit union is a member-owned nonprofit organization, nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (che ...

formed by the current or ex-employees, contractors or service providers of

BHP BHP Group Limited, founded as the Broken Hill Proprietary Company, is an Australian multinational mining and metals corporation. BHP was established in August 1885 and is headquartered in Melbourne, Victoria. As of 2024, BHP was the world� ...

, BP and the

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 and 2.1 million service ...

and their subsidiaries, affiliated or divested companies. Big Sky became part of

Australian Unity Australian Unity is an Australian Mutual organization, mutual company having its origins in the friendly society, friendly societies movement. In 2012, Big Sky was merged with Australian Unity to become the banking arm of the company. History ...

in 2012 and was merged with Australian Unity's subsidiary ''Lifeplan Australia Building Society'' which was subsequently renamed ''Big Sky Building Society''. From 2016, Big Sky's operations, services and website were integrated into Australian Unity. In 2018, Big Sky Building Society became Australian Unity Bank.

History

The organisation started at the

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 members, and was wound up. The transfer of engagements contributed $12.1 million to Big Sky's assets and $1.6 million to member equity. In April 2011 Co-operatives Australia listed Big Sky Credit Union as 69 on the list of Australia's 100 largest cooperatives with revenue of $17.2 million. 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.

Services

Big Sky were members of the

rediATM The rediATM network was an Australian ATM network originally operated and owned by Cuscal. On 14 August 2019, Cuscal sold the network to the Armaguard who subsequently closed the network by merging with its atmx network. History * 1982 – Re ...

to provide access to a network ATM machines that do not incur the direct charges introduced by the

Reserve Bank of Australia The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the ''Reserve Bank Act 1959'' removed the central banking functions from the Commonwealth Bank. Th ...

in March 2019.

References

External links

Big Sky Credit Union
{{Use dmy dates, date=March 2020 Credit unions of Australia