Our Mission Statement

Introduction

Goldfields Credit Union is a financial cooperative owned by and operated for its members living in the goldfields region of W.A. and beyond.

Our mission is to provide members a superior range of professional banking services at a fair price for service. 

Business Philosophy

Our approach to doing business is simple: GCU's relationship with members must at all times be beneficial to both the member and GCU.

A fair price for service is an integral part of that relationship. In return, GCU rewards member loyalty. Where a member keeps their savings, investments and / or loans with GCU, they are able to take advantage of GCU's Loyalty Package, which is designed to help minimize any credit union transaction fees.

Please consult our various fees and charges brochures below:

   Personal Savings Account Fees and Charges  Click here

   Business Savings Account Fees and Charges Click here

   Loan Account Fees and Charges Click here

Members

Credit unions have members, not customers. Each person who deposits money in GCU automatically becomes a member of Goldfields Credit Union.

Membership entitles a share of the ownership of the credit union and the ability to participate in the management of GCU.

Management

Credit unions are the only democratically functioning financial institutions in Australia. Members elect a volunteer board of directors, made up of other members, to oversee the progress and development of the credit union.

The CEO reports monthly to the Board of Directors on every aspect of the operations of the credit union.

Motivation

Goldfields Credit Union’s priority is to give the best interest rates possible on a member deposits and provide high-quality and low-cost services provided by local people living in the region.

After expenses are paid and reserves are set aside, surplus earnings are returned to members in the form of lower interest rates on loans and higher rates on savings, and avoiding and / or lowering service fees.

Resources

Local credit unions like the Goldfields Credit Union share ideas, information and resources on a state-wide basis as well on a national level via the Credit Union Service Corporation (CUSCAL).

Australian credit unions are also part of a worldwide support network that includes credit unions, state credit union leagues, a national trade association (CUNA) and a worldwide credit union organization, the World Council of Credit Unions (WOCCU).