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Our Story

Our story begins in 1959 when a small group of Qantas employees decided they could develop a better and fairer way of banking, so they pooled their funds together and created Qantas Credit Union.

Sylvia Edgar was our very first Member, and remembers the day she joined like it was yesterday. Sylvia was a typist in the Qantas Airways finance department’s typing pool. She wanted to save for an overseas trip and a workmate told her that the Qantas Credit Union was about to open and was rumoured to have great interest rates. The next day - the day before we officially opened - she opened her account with 300 pounds.

“The lady I was working with was involved in starting the Credit Union. I was very eager to join because she told me all the good things about it. But I came a day too early. So my friend said, "I’ll keep the money and put it in tomorrow. And that’s how I came to be the first Member of Qantas Credit Union.”

From those humble beginnings we’ve grown to be one of the biggest Credit Unions in Australia with over 90,000 Members. A lot may have changed since 1959 but one thing still remains true – we never forget who we are or where we’ve come from, remaining firmly focused on our promise to provide our Members with great service and a better deal for all their banking.  

We provide a range of products and services you would expect to find at a bank, but we do it better with great rates and low fees!

The BIG plus of belonging to a mutual

Although we offer banking products, we’re not a bank!

When you think of banks making huge profits and paying dividends to shareholders - you can think again when it comes to us.

We don’t have to make huge profits to pay dividends to shareholders, our shareholders are you, our Members. The great thing is that the profits we make go back into giving you better rates, fairer fees, and better ways of banking. Plus, we do it with a smile! We have some of the friendliest and most experienced people here at Qantas Credit Union, and we’re all here to help you get the best deal and the best advice.

That’s what it’s all about... ‘a great deal more for your banking!'