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Credit Union Australia
Great Southern Bank (formerly Credit Union Australia or CUA) is a customer-owned bank based in Brisbane, Queensland, Australia. As of 2013, it is the largest customer-owned financial institution in Australia. It offers banking and insurance services to 420,000 Australians. Overview Great Southern Bank is a mutual bank. It is Australia's largest customer-owned banking organisation with over 40 branches located around Australia, largely on the east coast. The contact centres are located in Sydney and Melbourne. It is also a member of the Customer Owned Banking Association (COBA), adhering to a Customer Owned Banking Code of Practice Great Southern Bank has two fully owned subsidiary companies – CUA Health Ltd (Health Insurance) and Credicorp Insurance ltd (consumer credit insurance). On 26 May 2021, it was announced that CUA Health Ltd would be sold to HBF. History The earliest precursor to Great Southern Bank was officially founded in 1946. It was created through the amalg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Savings Bank
A mutual savings bank is a financial institution chartered by a central or regional government, without capital stock, owned by its members who subscribe to a common fund. From this fund, claims, loans, etc., are paid. Profits after deductions are shared among the members. The institution is intended to provide a safe place for individual members to save and to invest those savings in mortgages, loans, stocks, bonds and other securities and to share in any profits or losses that result. History The institution most frequently identified as the first modern savings bank was the " Savings and Friendly Society" organized in 1810 by Rev. Henry Duncan of the Ruthwell Presbyterian Church in Dumfriesshire, Scotland. Duncan established a friendly society to create a cooperative depository institution in order to enable his poorest parishioners to hold savings accounts accruing interest for sickness and old-age. Another precursor of modern savings banks were the ideas of Friedrich Wilhe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1946
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Oceania
This is a list of banks in Oceania Australia Central bank *Reserve Bank of Australia Major banks *ANZ Bank *Citibank Australia *Commonwealth Bank * HSBC Bank Australia *National Australia Bank *Suncorp *Westpac Local banks *BankSA * Bank of Melbourne * Bank of Queensland *Bankwest *Bendigo & Adelaide Bank *Community Bank * Elders Rural Bank *Macquarie Bank * ME Bank *St George Bank Defunct banks *State Bank of Victoria * State Bank of New South Wales *Advance Bank *Challenge Bank * Bank of Melbourne Fiji Central bank *Reserve Bank of Fiji Local banks *Bank of South Pacific *ANZ (Fiji) *HFC (Fiji) *Westpac (Fiji) *Bank of Baroda * BRED Bank (Fiji) New Zealand Central bank *Reserve Bank of New Zealand Local banks * ANZ Bank New Zealand *ASB Bank *Bank of New Zealand * Westpac New Zealand *Heartland Bank *Kiwibank *Rabobank New Zealand *SBS Bank * TSB Bank Foreign banks operating in New Zealand *Bank of Baroda *Bank of China *Bank of India *China Construction Bank *Citiban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Australia
The following is the list of banks in Australia, as well as restricted ADIs, credit unions, friendly societies and subsidiaries and branches of foreign banks in Australia. Financial institutions in Australia are supervised by the Australian Prudential Regulation Authority (APRA) as authorised deposit-taking institutions (ADI) under the ''Banking Act 1959'' (Cth), as at 2 August 2017. Central bank *Reserve Bank of Australia Australian-owned ADIs (e.g. banks and building societies) Restricted ADIs (Restricted Authorised Deposit-taking Institutions) Restricted ADIs are newly licensed ADIs within Australia. Restricted ADIs have the same obligations as full ADIs, but are restricted to only taking a total of $2 million of customer deposits during their restricted period. To protect these deposits, Restricted ADIs are required to hold a minimum of $3 million of prudential capital, as well as a $1 million resolution reserve to resolving any legal matters (or government costs for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Australia
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank. There are several smaller banks with a presence throughout the country, and a large number of other financial institutions, such as credit unions, Building society, building societies and Mutual savings bank, mutual banks, which provide limited banking-type services and are described as authorised deposit-taking institutions (ADIs). Many large foreign banks have a presence, but few have a retail banking presence. The central bank is the Reserve Bank of Australia (RBA). The Australian government’s Deposit insurance#Australia, Financial Claims Scheme (FCS) guarantees deposits up to $250,000 per account-holder per ADI in the event of the ADI failing. Banks require a Banking license, bank licence under the ''Banking Act 1959''. Foreign banks require a licence to operate through a branch in Australia, as do Australian-incorporated fore ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Financial Review
''The Australian Financial Review'' (abbreviated to the ''AFR'') is an Australian business-focused, compact daily newspaper covering the current business and economic affairs of Australia and the world. The newspaper is based in Sydney, New South Wales, Australia; owned by Nine Entertainment and has been published continuously since its founding in 1951. The ''AFR'', along with the rest of Fairfax Media (aside from some publications which were sold to Australian Community Media), was sold to Nine Entertainment for more than A$2.3 billion.Mergermarket - An Acuris company. (n.d''.). Fairfax Media Limited Nine Entertainment Co. Holdings Ltd Merger.'' Retrieved from www.mergermarket.com/Common/Mergermarket/Deals/DealDetails.aspx?dealsysid=933952&extern=19&id=239512&contextid=1018456074&zone=205¤cyCode=AUD The ''AFR'' is published in tabloid format six times a week, whilst providing 24/7 online coverage through its website. In November 2019, the ''AFR'' reached 2.647 million Au ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TCS BaNCS
''TCS BaNCS'' is a core banking software suite developed by Tata Consultancy Services for use by retail banks. It includes functions for universal banking, core banking, payments, wealth management, forex and money markets, compliance, insurance, securities processing, custody, financial inclusion, Islamic banking and treasury operations. There are also modules that deal with capital markets and the insurance business. The suite of products is periodically evaluated by independent research firms such as Forrester. History Prior to being taken over by TCS in 2005. The BANCS Core Banking software was developed at the headquarters of Financial Network Services Pty (FNS) in Sydney Australia. First implemented into local Australian and New Zealand banks and credit unions throughout the late 1970s and into the 1980s the demand from overseas markets grew substantially looking for automation and consolidation of disparate systems. Project sites across Asia, Middle East and Nordic c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Sydney Morning Herald
''The Sydney Morning Herald'' (''SMH'') is a daily compact newspaper published in Sydney, New South Wales, Australia, and owned by Nine. Founded in 1831 as the ''Sydney Herald'', the ''Herald'' is the oldest continuously published newspaper in Australia and "the most widely-read masthead in the country." The newspaper is published in compact print form from Monday to Saturday as ''The Sydney Morning Herald'' and on Sunday as its sister newspaper, '' The Sun-Herald'' and digitally as an online site and app, seven days a week. It is considered a newspaper of record for Australia. The print edition of ''The Sydney Morning Herald'' is available for purchase from many retail outlets throughout the Sydney metropolitan area, most parts of regional New South Wales, the Australian Capital Territory and South East Queensland. Overview ''The Sydney Morning Herald'' publishes a variety of supplements, including the magazines ''Good Weekend'' (included in the Saturday edition of ''Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Age
''The Age'' is a daily newspaper in Melbourne, Australia, that has been published since 1854. Owned and published by Nine Entertainment, ''The Age'' primarily serves Victoria (Australia), Victoria, but copies also sell in Tasmania, the Australian Capital Territory and border regions of South Australia and southern New South Wales. It is delivered both in print and digital formats. The newspaper shares some articles with its sister newspaper ''The Sydney Morning Herald''. ''The Age'' is considered a newspaper of record for Australia, and has variously been known for its investigative reporting, with its journalists having won dozens of Walkley Awards, Australia's most prestigious journalism prize. , ''The Age'' had a monthly readership of 5.321 million. History Foundation ''The Age'' was founded by three Melbourne businessmen: brothers John and Henry Cooke (who had arrived from New Zealand in the 1840s) and Walter Powell. The first edition appeared on 17 October 1854. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Council Of Credit Unions
The World Council of Credit Unions (WOCCU) is an international trade association and development agency for credit unions headquartered in Madison, Wisconsin. WOCCU aims to improve lives through credit unions and other financial cooperatives through advocacy, development and education. WOCCU's member associations account for over 86,450 credit unions in 118 countries with over 375 million members worldwide. History WOCCU was incorporated on 10 November 1970 and officially commenced operations on 1 January 1971. WOCCU has worked with the United States Agency for International Development (USAID) and the Microfinance Investment Support Facility for Afghanistan (MISFA) to build Islamic investment and finance cooperatives in Afghanistan. In 2006, WOCCU received a $6.7 million grant from the Gates Foundation to develop credit unions in Africa and Latin America. See also * Credit union * History of credit unions Credit unions are not-for-profit financial cooperatives. In the ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HBF Health Fund
HBF is Australia's fifth biggest private health insurance provider with a national market share of 7.82%. HBF is headquartered in Western Australia, however, 18.6% of HBF members are outside of WA and are residents of Victoria, New South Wales, Queensland, South Australia, Tasmania, Northern Territory and the Australian Capital Territory. History In 1941, HBF was established as the Metropolitan Hospitals Benefit Fund of Western Australia, with the core purpose of providing affordable health services to Western Australians. HBF's purpose can be directly traced back to its origins as a key provider of social services prior to the introduction of universal government health cover in Medicare. It was established to provide a pool of funds to ensure the ongoing provision of affordable health services for members. Since its inception, HBF has grown to become the leading provider of health insurance in Western Australia. In 2009, HBF had 7.7% of the national market share for private h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
