Australian Central Credit Union
Encyclopedia
People's Choice Credit Union (previously Australian Central Savings & Loans) is an Australian credit union
headquartered in Adelaide
, with branches in metropolitan Adelaide, regional South Australia
, the Northern Territory
, New South Wales
, Victoria
and Western Australia
. People's Choice is one of the nation's leading credit unions, with over 350,000 members, and more than 7.4 billion Australian dollars funds under management and advice. People's Choice provides financial services including transaction and savings accounts, fixed term investments, residential and personal lending, insurance and financial planning services. People's Choice is a partner institution of the rediATM
network.
Along with other South Australian credit unions, People's Choice is a naming right sponsor of the South Australian Credit Union Christmas Pageant
.
On 27 June 2011, members of the credit union voted to change the name to People's Choice Credit Union, this change was adopted on 18 July 2011. Ironically, the members of Australian Central Savings and Loans were not given a list a names to choose from. They were given one name at a time, in ignorance of any other possible names, until there were enough votes to approve the name they were asked to vote about. The first name proposed was People's Credit Union. This name failed. The second name proposed was People's Choice Credit Union which passed the vote in the 27 June meeting.
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
headquartered in Adelaide
Adelaide
Adelaide is the capital city of South Australia and the fifth-largest city in Australia. Adelaide has an estimated population of more than 1.2 million...
, with branches in metropolitan Adelaide, regional South Australia
South Australia
South Australia is a state of Australia in the southern central part of the country. It covers some of the most arid parts of the continent; with a total land area of , it is the fourth largest of Australia's six states and two territories.South Australia shares borders with all of the mainland...
, the Northern Territory
Northern Territory
The Northern Territory is a federal territory of Australia, occupying much of the centre of the mainland continent, as well as the central northern regions...
, New South Wales
New South Wales
New South Wales is a state of :Australia, located in the east of the country. It is bordered by Queensland, Victoria and South Australia to the north, south and west respectively. To the east, the state is bordered by the Tasman Sea, which forms part of the Pacific Ocean. New South Wales...
, Victoria
Victoria (Australia)
Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales, South Australia, and Tasmania on Boundary Islet to the north, west and south respectively....
and Western Australia
Western Australia
Western Australia is a state of Australia, occupying the entire western third of the Australian continent. It is bounded by the Indian Ocean to the north and west, the Great Australian Bight and Indian Ocean to the south, the Northern Territory to the north-east and South Australia to the south-east...
. People's Choice is one of the nation's leading credit unions, with over 350,000 members, and more than 7.4 billion Australian dollars funds under management and advice. People's Choice provides financial services including transaction and savings accounts, fixed term investments, residential and personal lending, insurance and financial planning services. People's Choice is a partner institution of the rediATM
RediATM
The rediATM network is one of Australia's largest ATM networks, with over 100 partner institutions including National Australia Bank, one of Australia's largest financial institutions...
network.
Along with other South Australian credit unions, People's Choice is a naming right sponsor of the South Australian Credit Union Christmas Pageant
Adelaide Christmas Pageant
The Adelaide Christmas Pageant is a parade held annually in the South Australian capital of Adelaide. It is the largest event of its kind in the world, attracting crowds of over 400,000 and televised to millions more...
.
History
It has merged with a number of other credit unions in its history, including the Northern Territory Credit Union. In August 2009, it announced plans to merge with another credit union, Savings & Loans, with the first post-merger branch opened in December 2010.On 27 June 2011, members of the credit union voted to change the name to People's Choice Credit Union, this change was adopted on 18 July 2011. Ironically, the members of Australian Central Savings and Loans were not given a list a names to choose from. They were given one name at a time, in ignorance of any other possible names, until there were enough votes to approve the name they were asked to vote about. The first name proposed was People's Credit Union. This name failed. The second name proposed was People's Choice Credit Union which passed the vote in the 27 June meeting.