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Then …
Melbourne University Credit Union was incorporated on the 12th
February 1970 and has been a big part of the University of Melbourne
community ever since. Established by a small, but dedicated group
of Directors who believed that everyone should have access to loans
and basic deposit products, MUCU had $13.50 in assets and 9 members
by the end of March 1970.
“Everyone should have access to loans
and basic deposit products”
C. Sach, W.F. Wood, J. Bythe (member no. 1), D. Harvey (Member no. 4)
Now …
Since that time we’ve grown significantly.
While the values on which the credit union was founded apply just
as strongly today, it now provides financial products to over 2,000
individuals and businesses, in the University of Melbourne community.
MUCU’s business model is based on fairness, personal service
and recognition that its members are the prime purpose of its existence.
Members enjoy rights that other shareholder-owned and driven organisations
will not offer.
Melbourne University Credit Union puts people before profit.
Along with all banks and building societies, MUCU is under the
supervision of the Australian Regulation Authority (APRA) to ensure
that our members are given a high level of safety in their dealings
with their financial service provider. |
