| Type | Credit union |
|---|---|
| Headquarters | Adelaide, South Australia, Australia |
| Industry | Banking |
| Products | Retail banking |
| Members | 350,000 |
| Website | peopleschoicecu.com.au/ |
People's Choice Credit Union (previously Australian Central Savings & Loans) is an Australian credit union headquartered in Adelaide, with branches in metropolitan Adelaide, regional South Australia, the Northern Territory, New South Wales, Victoria and Western Australia. People's Choice is one of the nation's leading credit unions, with over 350,000 members, and more than 7.4 billion Australian dollars funds under management and advice.[1] People's Choice provides financial services including transaction and savings accounts, fixed term investments, residential and personal lending, insurance and financial planning services. People's Choice is a partner institution of the rediATM network.[2]
Along with other South Australian credit unions, People's Choice is a naming right sponsor of the South Australian Credit Union Christmas Pageant.[3]
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It has merged with a number of other credit unions in its history, including the Northern Territory Credit Union[4]. In August 2009, it announced plans to merge with another credit union, Savings & Loans[5], with the first post-merger branch opened in December 2010.[6]
On 27 June 2011, members of the credit union voted to change the name to People's Choice Credit Union,[7] this change was adopted on 18 July 2011.[8] Ironically, the members of Australian Central Savings and Loans were not given a list a names to choose from. [9] They were given one name at a time, in ignorance of any other possible names, until there were enough votes to approve the name they were asked to vote about. [10] The first name proposed was People's Credit Union. [11] This name failed. The second name proposed was People's Choice Credit Union which passed the vote in the 27 June meeting. [12]
The New South Wales Department of Education and Training reports that the ACCU has established a competency framework to attract new staff.[13]