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Mutual Banking Code of Practice

The Mutual Banking Code of Practice is the code of practice for Australia’s credit unions and mutual building societies that provide banking services for over four million Australians. The Code has been developed in consultation with the community, government, consumer groups and Members, and was signed by QSCU when it was released on 1 July 2009.

QSCU is proud of our ongoing commitment to the Mutual Banking Code of Practice, which reinforces the value we place on improving the financial wellbeing of our Members.

What does the Mutual Banking Code of Practice mean for you?

By signing up to the code, we have agreed to the following promises for our Members:

  • We will be fair and ethical in our dealings with you
    We will always act honestly and with integrity, and will treat you fairly and reasonably in all our dealings with you.
  • We will focus on our Members
    We will place a high priority on service, competitiveness and member focus.
  • We will give you clear information about our products and services
    We will provide clear and accessible information about our products and services, so you can make an informed decision about the product you want.
  • We will be responsible lenders
    We will lend responsibly, and will try to assist you if you find yourself in financial difficulties.
  • We will deliver high customer service and standards
    We will issue and distribute products and provide services that are useful, reliable and of value to our members and customers.
  • We will deal fairly with any complaints
    We will handle complaints promptly and fairly and provide you with information on avenues for resolving disputes if we are not able to reach agreement with you.
  • We will recognise Members rights as owners
    As mutual institutions our members are our owners.
  • We will comply with our legal and industry obligations
    We will be responsible, prudent managers of our institution, and will comply with all our obligations under the law and relevant codes of practice.
  • We will recognize our impact on the wider community
    We will take account of the impact of our operations on staff, the communities we serve and our Members.
  • We will support and promote the Mutual Banking Code of Practice
    We will promote the Mutual Banking Code of Practice, ensure that our staff are trained to put it into practice, and support its monitoring and effectiveness.
More Information

You can download the Mutual Banking Code of Practice below. If you would like it mailed to you please call us on 1300 747 747 or visit our nearest branch to pick up a copy.