In 1963 Sydney Credit Union Ltd was founded for the financial wellbeing of the employees of the City of Sydney Council employees. The credit union was to act as an alternative to banks, building societies and pay day lenders. This alternative was very important because in 1963 borrowing funds for loans was extremely difficult and restrictive and there was a need for an alternative to traditional financial providers. To extend the service capabilities and grow its membership, SCU had merged with following credit unions in previous years: Parkes District Credit Union, Pinnacle Credit Union, Prospect Credit Union, Blue Mountains Credit Union, Sutherland Shire Council Employees Credit Union and Karpaty Ukrainian Credit Union Sydney Credit Union Limited offers a full range of banking products and services. These include loans such as personal loans, home loans, car loans and investment loans. Moreover, Sydney Credit Union offers a wide range of insurance options such as home & contents insurance, car insurance, caravan & trailer insurance, travel insurance, life insurance, loan repayment insurance and landlords insurance. Furthermore, it also offers business accounts, term deposits and saving accounts. In addition, financial planning and superannuation is also offered. Likewise, Visa credit card is also offered as well as internet, mobile and phone banking services.Sydney Credit Union Ltd - Australian Finance Directory
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