Members Australia Credit Union
The merger of Enterprise, Sirocredit and Outlook Credit Unions has now been completed with the new Members Australia Credit Union emerging as from 1st July 1998.
The new credit union will operate on a national basis and has opened up its membership restrictions so that now all the general public will be eligible to apply for loans or make deposits. The new name reflects these changes.
They have also revamped their suite of products which now include 12 month fixed rate home loans at 5.95%, a Special Home Loan product that allows you to borrow up to 100% of purchase price or valuation at a variable rate of 7.70% and commercial loans (7.40% variable) and commercial overdrafts (8.20% variable).