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 .

Since 1964, Summerland Credit Union has been making a difference in the lives of its members. It is dedicated to giving members friendly, personal service and expert financial solutions.

As a community-based credit union, its profits are reinvested into the business and members, who also get a say in how it is run. It meets the same regulatory standards as banks, so your money is safe. All customer deposits and investments are protected by the Federal Government Guarantee for amounts up to $250,000.

The credit union summarizes its values in the acronym SCORE: Sustainability, Community, Ownership, Respect, and Ethics.

Summerland Credit Union has branches that are located throughout the NSW north coast and regional areas – Ballina, Bangalow, Casino, Evans Head, Grafton, Kingscliff, Kyogle, Lismore, and Nimbin. It also has one branch in Coolangatta, Queensland. Members can access their money with Summerland ATMs, as well as all ATMs in the national Westpac network, including St George, Bank of Melbourne and Bank SA ATMs. As a Summerland cardholder, you pay no direct charge fees at any of these ATMs.

Summerland Credit Union offers a wide range of financial products and services, including home loans, personal loans, credit cards, savings and investment accounts, and insurance products. In terms of home loans, it offers competitive interest rates, eco-friendly loans, fast loan approval, and an opportunity to bundle other financial products.

Summerland sees the building and strengthening of its local communities as an integral part of its business. Its staff and their families all live and work in the local area, and enjoy being involved in a range of educational, sporting, social and community groups. The credit union is proud to have been the first industry scholarship provider to Southern Cross University with its Rising Stars Program and is delighted to be able to provide financial and in-kind support to a variety of community groups and events every year.

To be able to apply for a home loan with Summerland Credit Union, you will need to be a member first. To become a member of this credit union, you will need to complete a membership application, which you can do online. All Australian citizens and permanent residents are eligible to apply, provided you are over 18 years old. Documents you need include:

  • Personal ID
  • Proof of income – whether you are self-employed or work for an employer
  • Proof of other income – including rental income
  • Information regarding your existing debts, liabilities and assets