Teachers Credit Union

Who we are

Teachers Credit Union was founded on values of equity, integrity and co-operation.

In the 60's financial options were more limited than today and many people, particularly women, experienced difficulty in obtaining loans. The 'Hornsby' Teachers Credit Union was established in 1966, filling the need for low-cost, convenient and effective banking for teachers.

We are very proud of our history and continue to express these values by providing simple, practical and ethical financial solutions to teachers and their families, as well as supporting the education community.

In 2007 we have

Over 150,000 Members
Accumulated deposits exceeding $2 billion
Services for all your financial needs
And we're still growing

A different kind of banking

At Teachers Credit Union you're not just a customer, you're a Member and a co-owner (shareholder) of a democratic financial institution.

Unlike banks, we don't pay dividends to external shareholders. This means our profits are returned to Members in the form of high quality personal service, enhanced services and a lower, more sensible approach to fees.

Members are also entitled to a voice in the activities of the organisation. The Board, Management and Members Committee reflect the will of the Members.

Regulatory protection

Teachers Credit Union is regulated by the Australian Prudential Regulation Authority (APRA) which oversees all Authorised Deposit Taking institutions and protects depositors by monitoring compliance with prudential standards. Teachers Credit Union is also regulated by the Australian Securities and Investments Commission (ASIC) as we are a public company and an Australian Financial Services licensee.

Our values
Our responsibility

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