Community CPS Australia
Encyclopedia
Community CPS Australia is a credit union
based in South Australia
, the Australian Capital Territory
, Western Australia
and New South Wales
providing financial services to its members including savings and business accounts, term deposits, loans, insurance, financial planning and tax and accounting.
In November 2008, Western Australian based United Credit Union Ltd (United) and Westax merged with Community CPS and now carry on business in Western Australia
under the registered business name United Community
.
In May 2009 the Polish Community Credit Union also merged with Community CPS.
In January 2010, Hunter Valley
based Companion Credit Union
(Companion), established in 1975, merged with Community CPS and continues to trade as Companion Credit Union.
Community CPS is now the fourth largest credit union in Australia with more than 178,000 members, 550 employees and managing a combined $3.1 billion in assets (as at 30 June 2010).
Community CPS has 12 Personal Financial Centres in South Australia, 8 in the Australian Capital Territory and 2 in regional New South Wales. In Western Australia, United Community has 14 Personal Financial Centres located across the State and Companion operates 10 Personal Financial Centres in the Hunter Valley region of New South Wales.
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...
based in 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 Australian Capital Territory
Australian Capital Territory
The Australian Capital Territory, often abbreviated ACT, is the capital territory of the Commonwealth of Australia and is the smallest self-governing internal territory...
, 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...
and 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...
providing financial services to its members including savings and business accounts, term deposits, loans, insurance, financial planning and tax and accounting.
History
Community CPS Australia Ltd (Community CPS) was formed as a result of a merger between CPS Credit Union (SA) Ltd and CPS Credit Union Co-operative (ACT) Ltd in March 2006.In November 2008, Western Australian based United Credit Union Ltd (United) and Westax merged with Community CPS and now carry on business in 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...
under the registered business name United Community
United Community
United Community is a credit union based in Western Australia providing financial services to its members including savings and business accounts, term deposits, loans, insurance, financial planning and tax and accounting.-History:...
.
In May 2009 the Polish Community Credit Union also merged with Community CPS.
In January 2010, Hunter Valley
Hunter Valley
The Hunter Region, more commonly known as the Hunter Valley, is a region of New South Wales, Australia, extending from approximately to north of Sydney with an approximate population of 645,395 people. Most of the population of the Hunter Region lives within of the coast, with 55% of the entire...
based Companion Credit Union
Companion Credit Union
Companion Credit Union is a credit union based in and serving Hunter Valley, Australia. It was established in 1974 by a group of Hunter Valley coal miners who decided that the financial affairs of the workers in their industry were at the mercy of banks, loan sharks and extremely high interest...
(Companion), established in 1975, merged with Community CPS and continues to trade as Companion Credit Union.
Community CPS is now the fourth largest credit union in Australia with more than 178,000 members, 550 employees and managing a combined $3.1 billion in assets (as at 30 June 2010).
Community CPS has 12 Personal Financial Centres in South Australia, 8 in the Australian Capital Territory and 2 in regional New South Wales. In Western Australia, United Community has 14 Personal Financial Centres located across the State and Companion operates 10 Personal Financial Centres in the Hunter Valley region of New South Wales.