| Type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1974 |
| Headquarters | Melbourne Australia |
| Key people | Peter Kempster, Chief Executive Officer |
| Products | Banking Investment Insurance Financial Planning |
| Total assets | $1 billion (June 2011) |
| Employees | 120 |
| Website | policecredit.com.au |
Police Association Credit Co-operative Limited (commonly known as Police Credit) is a credit union in Australia. It was founded in 1974 by a group of Police officers and has been servicing members for more than 30 years.
Police Credit offers a wide range of financial services to specific sectors of the community – police, emergency services, the health industry and government departments, as well as families and friends. In 2011 Police Credit reported that the organisation has 91,000 members. The organisation employs 120 staff and has $1 billion (Australian) in assets under management.[1]
Police Credit is wholly owned by its members, who are all equal shareholders.[2]
As a co-operative, Police Credit is not focused on profits or paying dividends to shareholders. All profits from Police Credit products and services are reinvested into the organisation for members to directly benefit. Their key responsibility is to help members achieve a more secure financial future.[3]
Police Credit was awarded runner-up in the 2010 Mozo People’s Choice Awards for Best Credit Union in Australia.[4]