The Broken Hill Community Credit Union Ltd

The Broken Hill Community Credit Union Ltd - Australian Finance Directory

The Broken Hill Community Credit Union Ltd commenced its operations in 1974 with only the help of volunteers and the guidance of the Association of New South Wales Credit Unions. It has grown to be the largest (in terms of staff employed) financial institution in Broken Hill. As of today, this Credit Union employs 19 Staff that are dedicated to providing excellent service and products to its 8,000 members. With total assets of approximately $60 million, a strong liquidity position and an excellent capital base, BHCCU is a positive and co-operative community partner.

The Broken Hill Community Credit Union Ltd offers a full range of banking products and services. These include loans such as personal loans, home loans, car loans and overdrafts. Moreover, BHCCU offers a wide range of insurance options such as home & contents insurance, car insurance, caravan & trailer insurance, boat insurance, travel insurance, loan insurance, investment insurance and lenders mortgage insurance. Furthermore, it also offers business accounts, term deposits and saving accounts. In addition, financial planning is also offered through Bridges. Likewise, Visa debit card is also offered as well as internet, mobile and phone banking services.

A Credit Union is a Financial Institution owned by, and run for the benefit of, its members. In a Credit Union people with a common connection, (Community), join together and organize their financial affairs as a group. This enables them to gain advantages, and access services, as part of the group, that they would not be able to enjoy as individuals. Credit Unions operate to a very high set of ethical principles which require that all members are treated with respect and dignity, no matter how much, or little they have saved or borrowed.