As a Credit Union, we are an Authorised Deposit-taking Institution (ADI) and are protected by the same safeguards that apply to all banks and financial institutions, and are regulated by the same authorities.
As a mutual, our Members are both our customers and shareholders. Profits are reinvested into the organisation, to strengthen the Credit Union and return value to Members.
Most of our Members work in the Education Community, or are families of people working in education, however anyone is welcome to join the Credit Union.
Our Board of Directors share the Credit Union's philosophy of providing Members with a fair deal and superior service and are elected by Members via ballot.
Each Member holds one share and has one vote and is entitled to stand for election to the Board*. This means all Members have an equal chance to have their say and influence policy.
*Subject to eligibility under the rules of Victoria Teachers Credit Union's constitution.