SCU was founded in 1963 and first established with the vision to support the financial welfare of the Sydney Council employees. As a credit union, it was set up as an alternative to the banks and building societies, offering financial products and services with its members best interests in mind.
Today, SCU (Sydney Credit Union) Is better known for its motto – “More Generous Banking”, which speaks for itself in the way that it actively operates to provide its members with top quality products and services.
All SCU deposits are protected for up to $1 million per individual as part of the Australian Federal Government compensation scheme, free of charge. This means that in the highly unlikely even of SCU falling into difficulty, your money will always be safe, guaranteed.
SCU offer a range of financial products and services, which include Savings Accounts, Personal & Home Loans, insurance, business banking and financial planning.