Police Bank

Police Bank Ltd. is an Australian, member-owned mutual bank. Founded as NSW Police Credit Union (PCU) on 24 October 1964 by a group of officers from the Clarence Street Police Station in Sydney, its members passed a resolution to enable "Police Credit Union" to become "Police Bank Ltd." on 3 December 2012.

Police Bank Ltd
TypeMutual bank
IndustryFinancial services
Founded1964
HeadquartersSydney
Australia
Key people
Greg McKenna, Chief Executive Officer
P Remfrey Chairman
R Del Vecchio, Deputy Chairman
C J Dyson, Director
M Fuller, Director
D Hudson, Director
R Redfern, Director
S Waterhouse, Director
ProductsBanking
Investment
Insurance
Financial Planning
Credit Cards
Mortgages
Total assets A$2 billion (2019)[1]
Members76,470
Number of employees
168
Websitepolicebank.com.au

Membership with Police Bank is open to employees and their relatives, as well as friends of the NSW Police Force, Australian Federal Police, Emergency Management Australia, Corrective Services NSW, Australian Courts, or any other area of law enforcement and associated services. Police Bank also offers membership to employees of the Australian Customs and Border Protection Service as well as Australian Quarantine and Inspection Service under their "Customs Bank" subsidiary.

Police Bank is a member of The Customer Owned Banking Association,[2] the industry body representing the Australian mutual and cooperative banking sector. Police Bank is a member-owned institution and has no shareholders.

Police Bank is supervised by the Australian Prudential Regulation Authority (APRA), and is among the 21 Australian-owned banks.[3]

Sponsorship

Police Bank runs a sponsorship program providing financial support to the police community and to charitable sporting organizations.

Police Bank is a major sponsor of NSW Police Legacy,[4] which provides support to the families of deceased and terminally ill police officers. Police Bank also provides NSW Police Legacy financial and corporate support. They are a major sponsor of the NSW Police Games,[5] an annual competitive athletic event incorporating sports from a number of NSW Police Sporting Clubs.

Awards
Year Product/Service Award Presenter Reference
2010 Visa Credit Card Gold 5 Stars Canstar [6]
2012 S1 Easy Access Account Best Non-Bank Everyday Savings Account Money magazine [7]
2013 First Home Saver Account Best First Home Saver Account Gold Award Money magazine [8]
Customer Satisfaction (Non-Major Banks) Blue Award Canstar [9]
Online banking Best Online Banking – Mutual Bank Canstar [10]
2014 First Home Saver Account Best First Home Saver Account Money magazine [11]

References
  1. Chee, M.(2019). Annual Report 2019 (Police Bank Ltd. Annual Reports. ). Sydney : Police Bank Ltd..
  2. "Police Bank Ltd." Customer Owned Banking Association. Customer Owned Banking Association Limited (COBA), 3 March 2013. Web. Retrieved 10 April 2014.
  3. "List of Authorized Deposit-taking Institutions." APRA. Australian Prudential Regulation Authority, 2 April 2014. Web. Retrieved 10 April 2014.
  4. NSW Police Legacy
  5. NSW Police Games Sponsors. March 2013
  6. "2011 Credit Card Star Ratings" Cannex Canstar. January 2011. Web. Retrieved 10 April 2014
  7. Walkley, P. (Ed.). (December & January 2011). "Best of The Best: Best Everyday Accounts." Money Magazine, (141), p.94
  8. Walkley, P. (Ed.). (December 2012). Best of The Best: Best First Home Saver Accounts. Money Magazine, (152), p. 104
  9. "Challenger Banks – 2013 Ratings." Canstar Blue. Canstar Blue Pty Ltd., 25 March 2013. Web. Retrieved 10 March 2014..
  10. "We’re all getting online." Weblog post. Canstar. Canstar Research, 17 June 2013. Web. Retrieved 10 April 2014.
  11. Walkley, P. (Ed.). (December 2013 ). "Best of The Best: Best First Home Saver Accounts". Money Magazine, (163), p. 102
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