Police Bank Limited is an Australian member-owned

mutual bank A mutual bank is a cooperative financial institution owned by its depositors or customers. They include mutual organization, mutual savings banks and cooperative banking. Unlike traditional banks, which prioritize shareholder profits, mutual banks ...

. Founded as NSW Police Credit Union (PCU) on 24 October 1964 by a group of officers from the Clarence Street Police Station in

Sydney Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Syd ...

, its members passed a resolution to enable "Police Credit Union" to become "Police Bank Ltd." on 3 December 2012. Membership with Police Bank is open to employees and their relatives, as well as friends of the

NSW Police Force The New South Wales Police Force is a law enforcement agency of the state of New South Wales, Australia, established in 1862. With more than 17,000 police officers, it is the largest police organisation in Australia, policing an area of 801,60 ...

Australian Federal Police The Australian Federal Police (AFP) is the principal Federal police, federal law enforcement agency of the Australian Government responsible for investigating Crime in Australia, crime and protecting the national security of the Commonwealth ...

Emergency Management Australia Emergency Management Australia (EMA) was an Australian Government body responsible for emergency management coordination. EMA was transferred from the Attorney-General's Department in a machinery of government change to become a division of the ne ...

Corrective Services NSW Corrective Services NSW (CSNSW) is an executive agency of the Government of New South Wales, Australia. CSNSW is responsible for the state's prisons and a range of programs for managing offenders in the community. The state has 36 prisons, 33 ru ...

, Australian Courts, or any other area of law enforcement and associated services. Police Bank also offers membership to employees of the

Australian Customs and Border Protection Service The Australian Customs and Border Protection Service was an Australian federal government agency responsible for managing the security and integrity of the Australian border and facilitating the movement of legitimate international travellers and ...

as well as

Australian Quarantine and Inspection Service Australian(s) may refer to: Australia * Australia, a country * Australians, citizens of the Commonwealth of Australia ** European Australians ** Anglo-Celtic Australians, Australians descended principally from British colonists ** Aboriginal Aus ...

under their "Customs Bank" subsidiary. Police Bank is a member of The Customer Owned Banking Association,"Police Bank Ltd." ''Customer Owned Banking Association''. Customer Owned Banking Association Limited (COBA), 3 March 2013. Web. Retrieved 10 April 2014.
/ref> the industry body representing the Australian mutual and cooperative banking sector. Police Bank is a member-owned institution and has no shareholders. Police Bank is supervised by the

Australian Prudential Regulation Authority The Australian Prudential Regulation Authority (APRA) is a statutory authority of the Australian Government and the prudential regulator of the Australian financial services industry. APRA was established on 1 July 1998 in response to the recom ...

(APRA), and is among the 21 Australian-owned banks."List of Authorized Deposit-taking Institutions." ''APRA.'' Australian Prudential Regulation Authority, 2 April 2014. Web. Retrieved 10 April 2014.
/ref>

Sponsorship

Police Bank runs a sponsorship program providing financial support to the police community and to charitable sporting organisations. Police Bank is a major sponsor of

NSW Police Legacy NSW Police Legacy is a charitable organisation that was established in 1987 to care for the widows, widowers, partners and children of deceased members of the NSW Police Force. The charity was originally established with assistance from the NSW Pr ...

,NSW Police Legacy
/ref> which provides support to the families of deceased and terminally ill police officers. Police Bank also provides

financial and corporate support. They are a major sponsor of the NSW Police Games,NSW Police Games Sponsors. March 2013
/ref> an annual competitive athletic event incorporating sports from a number of NSW Police Sporting Clubs.

References

External links

*
Police Bank Ltd
entry in member directory of Customer Owned Banking Association {{Banking in Australia Banks of Australia Mutual savings banks in Australia Financial services companies based in Sydney New South Wales Police Force Australian Federal Police

Sponsorship

See also

References

External links