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Teachers Credit Union - Not a volatile market choice

05 September 2007

Teachers Credit Union source the bulk of funding from retained earnings and deposits, and participate in highly rated domestic securitisation programs. We do not have the same exposure to volatile markets as non-Authorised Deposit-taking institution lenders and are not included in the category of ‘non-bank’ lenders that have been the focus of recent media attention.

“While interest rates will always be subject to variation, we do not have the same exposure to wholesale markets,” said Chief Executive, Steve James.

We are regulated by APRA, and are an Australian Financial Services Licensee regulated by ASIC, and we are subject to the Uniform Consumer Credit Code and the Electronic Funds Transfer Code.

“Our members can feel confident that we source the majority of our funds through member deposits. We put our members first and are very prudent and diligent when dealing with members' finances,” continues Mr James.

Fees and charges and lending criteria apply. Terms and conditions available on request.