InfoChoice Review of Credit Union Australia (CUA)

Credit Union Australia (CUA) is Australia’s biggest credit union and started life way back in 1946, as the result of a merger of several smaller credit unions. CUA was originally called the Queensland Postal Cooperative based at the General Post Office in Brisbane. It became CUA in 1980 and now has more than 500,000 member customers.

Since then, more than 171 credit unions have become part of a huge customer-owned Australian banking institution, Credit Union Australia.

CUA offers a full range of banking products and specialises in competitively priced loan and account products for home buyers, young people and average Australians.

CUA says:

“As a member you’re also a shareholder and have a voice in shaping the future of CUA, Active members have a voting right at the AGM and members can participate in governance, ask questions about management and financial performance.”

Is CUA a bank?

Credit Union Australia is a member-owned not-for-profit credit union and authorised deposit taking institution, regulated in the same way as the major Australian banks.

Deposits with CUA are covered by the federal government’s deposit guarantee scheme.

You can see all of CUA’s loan, account and term deposit rates at InfoChoice.

CUA home loan rates

CUA’s Achieve Variable (Special Offer) home loan is available for owner occupiers paying principal and interest. This loan has a variable rate of 3.05 per cent (comparison rate 3.10 per cent pa).

CUA has fixed rates starting at 2.98 per cent pa for three-years (comparison rate 4.61 per cent pa).

Compare CUA with other home loans at InfoChoice

CUA personal loan rates

CUA offers unsecured, fixed personal loans from $5000 to $50,000 with an interest rate of 9.39 per cent (comparison rate 9.64 per cent pa).

CUA car loan rates start from 6.79 per cent pa (comparison rate 7.16 per cent pa).

Compare CUA rates with other personal loans.

CUA credit card rates

The CUA Low Rate Credit Card has a purchase rate of 11.99 per cent and a zero-interest balance transfer offer for the first 13 months.

Compare CUA credit card rates with other credit cards.

CUA savings interest rates

The CUA eSaver Reward account has a base interest rate of 0.05 per cent and a maximum variable rate of 2.25 per cent as long as $1000 in deposits are made each month without withdrawals.

CUA is paying up to 1.60 per cent pa right now on term deposits (December 2019).

Compare CUA savings rates with other savings accounts and other term deposits in Australia.

The products compared in this article are chosen from a range of offers available to us and are not representative of all the products available in the market and influenced by a range of factors including interest rates, product costs and commercial and sponsorship arrangements

InfoChoice compares financial products from 145 banks, credit unions and other financial institutions in Australia. InfoChoice does not compare every product in the market. Some institutions may have a commercial partnership with InfoChoice. Rates are provided by partners and taken from financial institutions websites. We believe all information to be accurate on the date published. InfoChoice strives to update and keep information as accurate as possible.

The information contained on this web site is general in nature and does not take into account your personal situation. Do not interpret the listing order as an endorsement or recommendation from us.  You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. If you or someone you know is in financial stress, contact the National Debt Helpline on 1800 007 007.

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