page top

Attention: open in a new window. Print

Financial Claims Scheme

Deposits up to $250,000 are guaranteed by the Government's Financial Claims Scheme

Peace of Mind

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 Regulation Authority (APRA) and Australian Securities and Investment Commission (ASIC). We meet the Australian prudential standards set for banks, building societies and credit unions. Member deposits at Hunter United are protected by the Australian Federal Government under the Financial Claims Scheme (FCS). The FCS website has frequently asked questions that relate to the Financial Claims Scheme for banks, building societies and credit unions

What is the Financial Claims Scheme?

The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails.

Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA). IMB is an Authorised Deposit-Taking Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA).

The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA).

In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.

How is the FCS limit applied?

The FCS limit of $250,000 applies to the sum of an account holder's deposits under the one banking licence.

Therefore, all deposits held by an account holder with a single banking institution must be added together towards the $250,000 FCS limit, and this includes accounts with any other banking businesses that the licenced banking institution may operate under a different trading name.

Hunter United is a division of IMB Ltd which trades as IMB Bank and Hunter United. This means that the aggregate total of each depositor's combined accounts held with IMB Bank or Hunter United are covered up to $250,000.

Where can you get further information on the FCS?

Information on the FCS is available on the FCS website –


Products covered by the FCS

  • Mortgage Offset Savings Account
  • On-Call Savings Account
  • V.I.P Pension Account
  • Cash Management Account
  • XLR8 Account



  • e-ZYNET Direct Account
  • Premium Online Investor Account
  • Retiree Online Investor Account
  • Pension Fund - RSA Account
  • Super Fund - RSA Account
  • Fixed Term Deposits


Products covered by the FCS, but not available to new applicants

  • Christmas Club Account
  • Cash Management Account
  • Notice of Withdrawal Account
  • First Home Saver Account


Notice of Annual General Meeting

Log in online to attend The Annual General Meeting, Monday 9 November 2020 at 10.30am.

Learn More

A Message for Members

As part of the Merger with IMB Bank, Hunter United’s disclosure documents have been updated, effective 1 May 2020.

Learn More

Did You Know?

You total deposits up to $250,000 are guaranteed by the Governments Financials Claim Scheme.

Learn More

Fit Ix

Guarantee yourself the same low repayments on your home loan for the next 2 years, at an historically low rate. Suitable for OO loans over $400k. Lending criteria, T&Cs apply.

Learn More

Go Bananas

Here's how to get the cash you need to buy a new/used car. FAST.

Learn More

Merger with IMB Bank

Members to benefit from merger with IMB Bank. Read the full list of the merger-related benefits here.

Learn More

Green Personal Loan

A low rate loan for just about any sustainable home improvement. Lending criteria, T&Cs apply.

Learn More

Life Changing Personal Loans

A low rate personal loan suitable for just about anything. Lending criteria, T&Cs apply.

Learn More