The RACV Credit Union was a

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 ...

based in suburban

Victoria, Australia Victoria, commonly abbreviated as Vic, is a state in southeastern Australia. It is the second-smallest state (after Tasmania), with a land area of ; the second-most-populated state (after New South Wales), with a population of over 7 million; ...

that merged with

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. ...

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 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 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

. At the time it had 2,364 members. The transfer of engagements contributed $12.1 million to Big Sky's assets and $1.6 million to member equity.

References

External links

Bigsky Credit Union Annual Report 2006Wayback machine archive of RACV Credit Union credit union pages between 2002 and 2006
Credit unions of Australia Banks established in 1972 1972 establishments in Australia {{Australia-company-stub