Hunter United was formed in 1963 as the BHP (Newcastle) Employees’ Credit Union and is now Australia’s largest locally based member-owned credit union. The credit union has won numerous awards, such as Money Magazine’s Best DIY Savings Account – Non Bank between 2012 and 2014 and in 2016.
Hunter United operates in accordance with the Banking Act (1959), the Corporations Act (2001) and the Retirement Savings Accounts Act (1997), is an authorised deposit-taking Institution (ADI) and is supervised by APRA and ASIC. Its individual customer deposits of up to $250,000 are protected by the Australian Federal Government under the Financial Claims Scheme (FCS).
Hunter United has six branches in Newcastle and the lower Hunter region of NSW: Broadmeadow (headquarters), Charlestown, Glendale, Green Hills, Jesmond and Mayfield. You can meet with a Hunter United staff member in person at one of these local branches. You can also contact the credit union via a general customer phone line, a line for mobile lenders, an online enquiry form on its website or by email.
Hunter United offers a range of financial products and services that include savings accounts, home and personal loans, credits cards, savings and transaction accounts, investment accounts, as well as superannuation and pension accounts. Its home loan products include ‘standard’, investor, interest-only and green home loans. With a Hunter United home loan, you can expect competitive rates and the flexibility to manage your loan and money the way you want with features like 100% offset accounts and redraw facilities.
The credit union has a customer referral program wherein you can earn a $350 RedBalloon voucher for every home loan referral while a $100 RedBalloon voucher for every personal loan and credit card referral. It also helps the local community through charity fundraising days, a community referral program, charitable crowd funding, staff volunteering days and sponsorship opportunities.
To take out a home loan with Hunter United, you will first need to become a member, which you can do by filling out an application form and buying a member share. When you go to apply for the home loan, you will need to register your interest online, set up a meeting with a lender or visit your nearest branch. For everything to go as smoothly as possible, make sure you have these documents at hand:
- Personal identification material
- Proof of employment
- Proof of income, assets and earnings
- Details of current debts, liabilities and loans
- Personal insurance documents