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Community CPS Australian Overview

Community CPS Australian was formed in March 2006, after the merger between CPS Credit Union (SA) Ltd (CPS SA) and CPS Credit Union Co-operative (ACT) Ltd (CPS ACT).

CPS ACT was founded in 1960 and was Canberra’s largest financial institution to originate from the city, serving the local community for more than 40 years.

CPS SA was established in 1958 by one of the main Commonwealth Public Service Unions - the Administrative and Clerical Officers Association. In 1986, CPS SA merged with Railroad Savings and Loans Society, which dramatically increased the size and total assets of the union.

The two unions made the decision to merge based on rapidly growing competition in the Australian financial services industry. Both unions were market leaders with similar backgrounds and wanted to maintain their powerful positions, which could be secured through joining forces.

Community CPS is now one the largest credit unions in Australia, providing services to its 175,000+ members and 600+ employees across 21 Personal Financial Centres, managing $2.5 billion in assets.

Community CPS offer a vast range of financial products and services to suit all of its members needs, which includes savings accounts, business accounts, loans, Insurance and financial planning.

Community CPS Australian Savings Accounts

Community CPS savings accounts provide a savings solution for all members of the credit union through its comprehensive range of products.

Whether you're looking for an instant access account, providing you with flexibility to save your money at a rate that suits you, or you would rather benefit from higher interest rates by locking your money away for a chosen period of time, Community CPS have a savings account to meet your needs.

Community CPS also offers a retirement savings account designed to help you save and manage your superannuation for everyday transactions.
Community CPS Australian Savings Accounts Review >

Community CPS Australian Term Deposits

Community CPS Australian offers a range of Term Deposits as an effective saving solution helping you to reach your saving goals faster.

Community CPS Australian Term Deposits provide a great incentive to save, providing members with a predictable regular income that's guaranteed.

There are many features and benefits of Community CPS Australian Term Deposits, these include the following:
  • Competitive rates of interest paid on deposits allowing your money to grow
  • Various interest rate payment options, monthly, annually or at maturity
  • Terms ranging between 3 months and 5 years
  • Minimum opening deposit as low as $500
  • No account keeping fees
  • SMS banking service
As Community CPS Australian  is an Australian owned Credit Union, deposit up to $1 million are protected per customer by the Australian government.
Community CPS Australian Term Deposits Review >