RACV Credit Union
Encyclopedia
The RACV Credit Union was a credit union
based in suburban Victoria, Australia
that merged with Big Sky Credit Union
in 2005. Membership of the credit union was open to staff and families of current and former employees of the Royal Automobile Club of Victoria
and to Club Members of the organisation.
The credit union was formed in 1972
The credit union had cash handling facilities at its head office within the RACV service Headquarters in Noble Park.
In 1978, the credit union was part of a training program for Swinburne College. "Under college supervision, students worked as a team to produce a useful programme for the RACV Credit Union."
In 2005 the RACV Credit Union's members voted to transfer their business to the Big Sky Credit Union
. At the time it had 2,364 members. The transfer of engagements contributed $12.1 million to Big Sky’s assets and $1.6 million to member equity.
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
based in suburban Victoria, Australia
Victoria (Australia)
Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales, South Australia, and Tasmania on Boundary Islet to the north, west and south respectively....
that merged with Big Sky Credit Union
Big Sky Credit Union
Big Sky Credit Union is an Australian based credit union formed by the current or ex-employees, contractors or service providers of BHP Billiton, BP Australia and the Royal Automobile Club of Victoria and their subsidiaries, affiliated or divested companies.As part of a round of consolidation in...
in 2005. Membership of the credit union was open to staff and families of current and former employees of the Royal Automobile Club of Victoria
Royal Automobile Club of Victoria
The Royal Automobile Club of Victoria is a motoring club and mutual organisation, providing services such as roadside assistance, vehicle, home and contents insurance, personal and car loans, driving instruction, tourism services and home security products.The RACV runs a lifestyle club known as...
and to Club Members of the organisation.
The credit union was formed in 1972
The credit union had cash handling facilities at its head office within the RACV service Headquarters in Noble Park.
In 1978, the credit union was part of a training program for Swinburne College. "Under college supervision, students worked as a team to produce a useful programme for the RACV Credit Union."
In 2005 the RACV Credit Union's members voted to transfer their business to the Big Sky Credit Union
Big Sky Credit Union
Big Sky Credit Union is an Australian based credit union formed by the current or ex-employees, contractors or service providers of BHP Billiton, BP Australia and the Royal Automobile Club of Victoria and their subsidiaries, affiliated or divested companies.As part of a round of consolidation in...
. At the time it had 2,364 members. The transfer of engagements contributed $12.1 million to Big Sky’s assets and $1.6 million to member equity.