Sunday, 20 May 2012 
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Customs Credit Union Savings Safe & Guaranteed

Australia has one of the strongest banking regulatory systems in the world - all Credit Unions (including Customs Credit Union), Building Societies and Banks meet exceptionally high standards on capital, liquidity, risk management and governance as set down by the regulator, APRA.

Under the Banking Act deposits in all Australia's Credit Unions, Building Societies and Banks are safe. All deposits made after 1 February 2012 up to $250,000 are guaranteed under the Financial Claims Scheme (FCS).

"All deposits with Customs Credit Union are safe and Members can be assured in knowing that their funds with Customs Credit Union have added protection", states CCU’s Chief Executive Officer Bruce Williams.

Members requiring any further details should contact the Credit Union’s Assistance Centre on 131 728.


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