Heritage Isle Credit Union Limited
Heritage Isle is a community credit union, open to all but primarily servicing the needs of residents of northern Tasmania with four branches in locations throughout the Tamar Valley.
Credit unions are financial co-operatives owned and democratically operated by the people who save and borrow with them. Essentially this means that all our profits come back to the Credit Union and its members rather than going to shareholders allowing us to provide more competitive fees and rates.
As a Heritage Isle Credit Union member, you are also a part owner and adult members have the right to vote at the Annual General Meeting, and subject to qualification, the option to stand for a position on the Board.
Heritage Isle Credit Union is part of a worldwide credit union movement. There are 93 million credit union members in 87 countries around the world. Australia has 3.5 million credit union members, which means 1 in 5 Australians take advantage of the credit union difference.
Our Mission Statement is: “At Heritage Isle, we’re focused on helping our members achieve their goals.”
There are many great reasons to join Heritage Isle Credit Union.
1. We are owned by our Members
Credit Unions and Building Societies are owned and operated by their members. This means that all our profits are channelled back into the Credit Union rather than going into shareholder pockets. Essentially, putting more money back into your pocket through no or low fees and more competitive rates.
2. Safe and Secure
The Credit Union is safe and secure, just like banks, we are regulated by the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC).
3. Our service is personalised and professional
At Heritage Isle Credit Union we offer unparallelled service ensuring every member is treated as an individual not a number. This is perhaps the biggest difference between Heritage Isle CU and a bank because being a member means that you are a part owner of the Credit Union and our personalised service cannot be matched.
4. Range of products and services
We offer a wide range of competitive products and services including home loans, car loans, personal loans, business loans, transaction accounts, savings accounts and term deposits. So you’ll find most of the products and services you would expect from a bank.
5. Customer Owned Banking Code of Practice
Alongside over 100 other credit unions, building societies and mutual banks we have committed to the Customer Owned Banking Code of Practice. The Customer Owned Banking Code of Practice is our promise to you, that we will always lend responsibly and put your needs first.