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Bank Australia
Australian banking co-operative
Australian banking co-operative
Bank Australia is an Australian customer-owned bank based in Collingwood, Victoria. The organisation can trace its origins back to 1957, when the CSIRO Co-operative Credit Society was formed. Over succeeding years, mergers among 72 other credit unions and co-operative banks eventually led to the creation of the Members & Education Credit Union (mecu) in 2003, which became Bankmecu in 2011, and Bank Australia in 2015. Bank Australia is a member organisation of the Global Alliance for Banking on Values and is a certified B Corporation. As of 2024 it had 192,261 customer-members.
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