Banks are far from being the only choice when it comes to competitive and inclusive financial products. Mutual financial institutions such as building societies and credit unions offer an alternative option for your finances which can see you being a member rather than a customer, having a say in how your credit union is run rather than having all profits maximised and returned to shareholders, as they are with a bank. Credit Union Australia is committed to being a leading member of the non-bank financial institutions and as a result employed over 600 highly trained staff to focus on their over 400,000 members across 70 branches and regional centres down the eastern seaboard and in Perth.
Why Choose CUA?
CUA do things differently because they are a credit union not a bank and because they make sure to remain people focused so that you can experience the true difference of dealing with a non-bank financial institution. When you choose a credit card or balance transfer offer from CUA you will also be getting:
- Personalised service. Many banks and financial institutions say they offer personal and attentive service but with CUA you can know that it’s true because as a credit union they do not have shareholders who request a certain level of profit margin each year, but instead have members and each member owns and can control the operations of the business. As a result of being a member owned institution CUA is able to offer carefully tailored banking products to support your lifestyle because your lifestyle is their lifestyle and your banking needs are their banking needs because you are them and they are you.
- Profits are reinvested into affordable products and services. Rather than having record profits go to board members or shareholders the profits of CUA go back into the business to make sure that they can offer you the lowest interest rates and fees and the best most inclusive and modern features.
- No or low account fees. There are no account fees on the CUA transaction accounts and 80% of members don’t pay regular transaction fees as CUA offers ways around regular fee structures.
- Help for financial hardship. Since CUA is member run and driven they understand the financial concerns which are affecting many Australian individuals, couples and families at the moment. So whether you are having difficulty meeting your credit card repayments for example because of unemployment, reduced work contracts, illness or even divorce CUA can tailor a relief package to help you through a tough time so you have one less thing to worry about.
- Your choice of management mediums. You can manage your CUA accounts your way, in your time with a round-the-clock Internet or phone banking, SMS banking, you can meet with mobile managers or visit a branch near you or an ATM which could be even closer. You can also use the Bank@Work service or Australia Post outlets, plus you can call the Australian-based call centre for any help or advice.
CUA Balance Transfer Credit Cards
Credit cards do not have to be evil if you have the right product and you know how to use it. With CUA you have a simple choice of just two credit card products, depending on whether you want to be rewarded for the way the usual credit card or whether you want to avoid temptation and simply enjoy a lower interest rate. Compare CUA balance transfer credit cards:
- CUA Gold Rewards MasterCard – You can enjoy a 4.9% interest rate on your balance transfers for six months as well is your choice of rewards including cash back, flights and travel options, gift cards and electronics or exclusive points for use on Singapore airlines. Find out more about how you can benefit from a credit union credit card by reading the full review here.
- CUA Low Rate MasterCard – The purchase rate is just 12.6% plus you will have 55 interest-free days to avoid that low rates as well. You can also add another cardholder for free, enjoy free replacement cards as well as low fees and free purchase protection. To help you compare low rate credit cards read the full review here.
If you have never considered and non-bank lender because you didn’t think that they were competitive or because you didn’t expect them to have the range of products and features you wanted, find out more now about how CUA can bust those and other myths surrounding credit unions to help you make smarter use of your money.
Posted on Friday, June 4th, 2010 at 12:42 pm
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