Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of .

Macquarie Credit Union is a financial institution that was established in 1964 to service the needs of the employees and families of local, state or federal government agencies in NSW or ACT, as well as in essential energy services. Anyone working for these organisations or residing in the Dubbo local government area can become a member of the credit union.

Throughout its history, the credit union has gone through three mergers with other credit unions. Nowadays, it has over 6,000 members and approximately $101m in assets.

The credit union is owned by its members and run by its own management and board of directors. It meets the same regulatory standards as banks and is a long-standing financial service provider. The difference of the credit union from the banks is that it guarantees to serve its members first rather than making profits.

Macquarie Credit Union has its head office in Dubbo which you can visit five days a week. You can also ring the credit union’s staff at its call centre, as well as conduct telephone or internet banking 24/7. It also offers access to RediATM facilities.

Macquarie Credit Union offers a comprehensive range of financial products and services maximising the benefits to members through its commitment to the mutuality principle inherent in the member ownership philosophy of the Credit Union Movement. The products and services it offers include home and investment loans, car loans, personal loans, overdrafts, savings and term deposit accounts, credit and debit cards, insurance products, and travel services.

In terms of home loans, the credit union offers a variety of products to choose from, package deals available to bundle financial products and get discounts, flexible options for owner-occupiers and investors, generous borrowing limits, low interest rates and comprehensive customer service.

Macquarie Credit Union offers a number of different ways to apply for a home loan, but you must be a member first. You can apply for membership online, in branch or by post.

For your home loan application, you will need to provide the following:

  • Personal details for each applicant (if necessary)
  • Contact details including a valid email address
  • Proof of salary (ie payslips) and evidence of other income (including government payments and rental income)
  • Statements of any liabilities (including credit cards or other existing loans)
  • A copy of your council rates notice
  • A copy of your driver's licence or passport
  • Home loan statements (if you are refinancing)