Home > About us > Member news > Archive of news > Teachers Credit Union achieves $2 billion in assets
Teachers Credit Union achieves $2 billion in assets
07 November 2007
Teachers Credit Union has recently achieved $2 billion in assets, maintaining their position as the largest credit union in New South Wales and the fourth largest in Australia.
With a fast growing membership of almost 150,000, Teachers Credit Union continues to provide their members with a high standard of financial services with a low fee structure and market driven interest rates.
"While smaller than the major banks, we provide the same range of products and services. But it's the mutality of the credit union that allows our members to save on average $1981 per year just by choosing to bank with us," said Chief Executive, Steve James.
Teachers Credit Union has scored an overall member satisfaction rating of 95%2 in their latest member survey, making them one of the highest ranked financial institutions in Australia. In comparison, the average customer satisfaction rating of the major banks is 69%, according to Roy Morgan results.
"Exceptional member service has been a key focus of Teachers Credit Union since it commenced 41 years ago. We're delighted that our members continue to rate our service so highly." said Mr James.
1 As valued by CANNEX.
2 From research conducted by The Financial Research Company and AC Nielsen (2007).