We're not a bank, we're a credit union

What's the difference?

Well, for a start, we're a co-operative that was formed over 40 years ago by a group of teachers who saw an opening for a mutual financial organisation that understood their needs and could deliver a better form of service. So they formed a credit union and then they invited other customers to join as members and as shareholders.

We're not just for teachers anymore

Today, anyone and everyone can be a customer and member of QTCU because we're open to the wider community. Mind you, we're still a co-operative, so if you're one of our customers, you're also a shareholder. Which means you're an important stakeholder in our business.

Share in the ownership

To become a customer of QTCU (and therefore a member) you purchase one $10 share. If you ever decide to leave, that share is returned. But honestly, why would you leave?

Membership gives you a share in the excellent, personalised service, competitive interest rates and it gives you the right to expect fairer fees. You're more than just an account number to us, you're also one of the owners.

It's your money

There are no private shareholders asking for returns and dividends. That would siphon profits out of QTCU and reduce the benefits that we provide. Profits we make through our lending activities go back into running the Credit Union efficiently so we can keep fees to a minimum and still make improvements to what we offer. In a way, our shareholders do get a dividend but in the form of better service all round.

We do loans, savings, insurance and investments for all.

Over the years, our customers have demanded more from us. And we've responded with an impressive array of well-conceived, finely-tuned financial products aligned to our customers' needs.

QTCU: For teachers and anyone who has ever had one