Deposits of up to $1m are government guaranteed - click here to find out more

Hunter United commenced life in 1963 as the BHP (Newcastle) Employees’ Credit Union and has progressively grown into a community based financial institution serving the Hunter Valley. We are the largest locally owned credit union with over $215million in assets.

Hunter United has eight branches across the region including Broadmeadow, Charlestown, Glendale, Jesmond, Thornton and Greenhills (East Maitland). Hunter United offers banking, retirement savings services and arranges insurance.

We specialise in providing value for money financial services to our members including savings, loans, credit cards and investment products.

Unlike listed companies, Hunter United is not driven by big profits for shareholders - it is our job to deliver great service and benefits to our members. That’s how we can offer very competitive rates to our borrowers and investors and keep fees low.

Hunter United is a responsible and conservative lender. More than 80% of our assets as at 31 March 2010, are in the form of loans to members with the vast majority (91.3%) of these loans being secured by registered first mortgage over residential properties. 80.9% of these loans have a loan to valuation ratio of <80%. Loans with higher loan to valuation ratio’s are typically mortgage insured (i.e. the risk of these loans not being repaid is insured by a third party).

Our liquid investments are all held in cash type investments with Australian banks and other Authorised Deposit-Taking Institutions (ADI). These investments, by their nature, are short term and can be converted into cash within 48hours. We do not invest in speculative or high-risk investments. As a consequence our credit union quality is extremely high.

Hunter United operates in accordance with the Banking Act (1959), the Corporations Act 2001 and the Retirement Savings Accounts Act (1997), is an authorised deposit-taking institution (ADI) and is supervised by the Australian Prudential Regulatory Authority (APRA). We meet and exceed the Australian prudential standards set for banks, building societies and credit unions.

Member deposit balances at Hunter United less than $1million, are guaranteed by the Australian Federal Government.

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Questions

If you have any questions, please contact us.