Unicom Credit Union | Banks & Credit Unions

Unicom Credit Union

Unicom Credit Union was established by several community members as a way for all community members to be able to save together in times of abundance, and eventually lend from each other in times of financial emergency. As such, Unicom Credit Union was founded under the philosophy of helping and cooperation, and continues to operate today as guided by the said principle.

On July 30, 1963, the Staff Social Club and Staff Association of the University of New South Wales (led by Mr. A.J.T. Ford, the deputy registrar of the university) held a meeting where the original constitution, code of conduct, and rules for the credit union was ratified. This meeting then gave way to the formation of the University of New South Wales Staff Credit Union Limited. The incorporation and election of the nine members of its first board of directors took place on August 9, 1963.

The union later on went through some changes, especially mergers from other credit unions. The merger with Newcastle Staff Credit Union took place on November 1981, and later on it was agreed that the Unisyd Credit Union engagements would be transferred to the credit union. The credit union was renamed Universities Credit Union Limited in May 1982 in view of these mergers and agreements. After several years, as the credit union grew, it expanded its reach from university staff and their families to a larger community. To embody its community-oriented goals, the credit union finally emerged as the Unicom Credit Union on March 1, 1997.

Today, Unicom Credit Union remains committed to providing the best financial services and products with competitive interest rates. The goal of the credit union is to assist its members in their various financial endeavors, such as savings and management of expenses. Unicom Credit Union offers various financial solutions and services for its clients, such as personal loans, home loans, Internet banking, phone banking, insurance, financial planning, and deposits. Unicom Credit Union also helps its members save on various fees that banks would otherwise charge them, such as fees for declined transactions, post bank deposits, and SMS bank alerts. Clearly, all these and more makes Unicom Credit Union one of the leading providers of excellent financial solutions in the country today.