Community CPS Australia (Community CPS) was established on the 4th of March, 2006, as a result of a merger between CPS Credit Union (SA) Ltd (CPS SA) and CPS Credit Union Co-operative (ACT) Ltd (CPS ACT).
Our Past
CPS ACT was established in 1960 and was Canberra’s largest home-grown financial institution. The credit union contributed significantly to the local community for over 40 years.
CPS SA was established in 1958 by the Administrative and Clerical Officers Association, one of the main Commonwealth Public Service Unions. CPS SA was the second credit union to be established in South Australia. In 1986, CPS SA merged with Railroad Savings and Loans Society, significantly increasing its size and assets.
Our Future
Community CPS is now one of Australia’s largest and most influential credit unions, with more than 140,000 members, 400 employees and managing a combined $1.4 billion in assets.
The decision to merge was driven by a desire to remain competitive in the Australian financial services industry, at a time of rapid change. Both credit unions believed that we needed to proactively position ourselves for the intense challenges that lay ahead – and doing nothing was simply not an option.
Both CPS SA and CPS ACT were industry leaders, with a similar heritage and approach to servicing members, and by joining forces we are able to meet the future from a position of strength.
Community CPS has 21 Personal Financial Centres (or branches) in South Australia (Adelaide, Port Augusta and Victor Harbor); in the Australian Capital Territory (Canberra) and regional New South Wales (Bateman’s Bay and Queanbeyan). To find location details, visit Accessing Your Money or ask for a copy of the Access Guide in your local Personal Financial Centre.
We offer a diverse range of financial services to suit the needs of our members including face to face advice and transactions, financial planning, telephone and online banking, Bank@Post and BPAY® services.
The core values of both CPS SA and CPS ACT, and the shared sense of history between both credit unions, was an integral part of the decision to merge. The new entity, Community CPS Australia, continues to carry those important values of meeting members' needs, and continually improving products and services, into the future.
Our innovative range of enviable services and benefits help our members make their financial dreams and aspirations a reality.
Vision
A community credit union that values and cares for its members, that understands and guides them by building relationships and enduring financial partnerships to assist members achieve their individual lifestyle goals and financial success, and contributes to members’ wellbeing by participating in the economic, social and environmental improvement of their communities.
Purpose
Creating and returning value to members through financial and community partnerships.
Values
- Members First
- Mutuality
- Integrity
