Our Story

Established in 1959, we're Australia's longest serving Defence financial institution.

Our Story

A financial institution that appreciates what you do
 

We’ve been helping Australian Defence personnel and their families make the most of their money since 1959. As Australia’s longest serving Defence financial institution, we know a thing or two about the unique aspects of life in the armed services.

We’re dedicated to helping the men and women who protect and serve our community. That’s why we focus on providing our members with better quality services, lower fees and competitive interest rates.
 
As a mutual organisation, ADCU is run for the benefit of our members who are also our shareholders. This means that, as a member of ADCU, we’ll always put you first.
 
As Australia’s largest Defence credit union we:
 
  • have over 48,000 members;
  • manage member funds in excess of $1.03 billion;
  • run over 30 branches at major Defence bases in Australia; and
  • provide our members with access to more than 3,400 ATMs Australia-wide as part of our affiliation with the NAB and rediATM network. 
 

The story so far
 

We’ve been providing banking services to the Australian Defence Forces for over 50 years. A lot has happened in that time. Here are just a few of the highlights:

  • 1959: ADCU founded – then known as the Navy (Civil Staff) Co-op. Ltd.
  • 1960: First Annual General Meeting reports 160 members and loans to a value of £13,000
  • 1970: Membership increases to 549
  • 1971: Membership extended to civilian employees of the Army and RAAF in New South Wales
  • 1975: Membership extended to all serving members of the Australian Navy
  • 1983: We merge with Army Defence (NSW) Credit Union and rebrand as Australian Defence Credit Union (ADCU)
  • 2009: We celebrate our 50th anniversary
  • 2015: Membership exceeds 48,000
 

Award-winning products
 

We're proud of the recognition we’ve achieved for our service and products.

Our New Car Loan and DIY Super Saver Account have been awarded Canstar’s 5 star rating for outstanding value. Our Low Rate Visa Card was awarded the Mozo’s Experts’ Choice Award in 2014 and has achieved a Canstar 5 star rating for the last 3 years. Our Term Deposits were also awarded a bronze badge in the Medium Category in Mozo’s 2015 Experts Choice Awards.

 

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