BCU, or the Bananacoast Community Credit Union, is a member-owned credit union which was formed in 1970 as the Nambucca Banana Growers’ Federation Members Credit Union to provide a genuine banking alternative. It officially changed its name to Bananacoast Community Credit Union Ltd. in 1974.
BCU’s membership grew to 50,000 in 2015. Though it has expanded in size, it remains dedicated to its humble beginnings by always striving to create better opportunities for its members and local communities. The credit union has a dedicated and passionate team of people who are committed to delivering genuine personal service, as well as creating deep and enduring customer relationships built on a foundation of trust and reliability. It also considers sponsoring events, activities and programs in the areas of charity, sport, youth, arts, the aged or education important to its community.
Regulated by the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC), BCU prides itself on fair fees and little extras that will make repaying your home loan a piece of cake. It has won numerous awards, including Money Magazine’s Credit Union of the Year award in 2016 and Feefo’s Gold Trusted Service award in 2018.
BCU now has over 20 branches throughout Queensland and New South Wales. Aside from visiting its branches, you can contact this lender through its general service phone line, online, via email or by requesting a call back from a BCU home loan specialist.
BCU offers a range of products and services such as personal and business loans, home loans, credit cards, banking accounts and insurance, as well as banking services catering to children and students and financial planning services.
Its award-winning home loans offer you competitive rates, flexible features and quick approvals. This lender will work with you to find the best loan that suits your needs, whether you are a home buyer, investor, or wanting to refinance. With BCU, deposits of up to $250,000 are covered by the Government’s Deposit Guarantee.
To apply for a BCU home loan, you will need to be over 18 years old, a permanent Australian resident or citizen and be in a good financial situation – which means you have no outstanding defaults, judgements or bankruptcy.
You will also need to provide the following information:
- The loan amount and term you like
- Your personal and contact details
- Your financial details – including assets, expenses and debts
- Your employment details – including salary