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Article Date: August 2, 2006 We are delighted to introduce Bananacoast Community Credit Union Ltd. (BCU) as our preferred provider of banking and related financial services to our members in rural and regional Australia. Why have we chosen BCU as our preferred provider of banking and related financial services? BCU, like Prime Super, grew from the needs of rural and regional Australians, and continues to service rural and regional Australians. In addition BCU is an excellent alternative to the big banks, which was recently highlighted by the independent ratings agency Cannex. BCU was the only lender in Australia that earned Cannex five star ratings across all four lending categories, covering term loans and overdrafts, both secured and unsecured. This is excellent news for all our members and contributing employers, as you now get access to a range of competitive banking products from a well respected financial institution that understands the needs of rural and regional Australians. Together Prime Super and BCU can offer you a complete range of competitive financial products. BCU was formed in 1970 when banana growers in Northern NSW could not obtain finance from the banks. Members of the Taylors Arm Branch of the Banana Growers Federation met in the dining room of the “Pub with No Beer” and voted to form a credit union. From these humble beginnings BCU have grown to become one of this country’s largest credit unions focussed on providing community banking to rural and regional Australia. Today they have around 60,000 Members (owners), over $850 million in assets and 21 branches in Northern NSW and South East Queensland. Regardless of where you live in Australia, you can still enjoy the benefits of banking with BCU thanks to their free internet and phone banking services. And for the cost of a local call, you can ring BCU Direct on 1300 BCU BCU (that’s 1300 228 228), talk to any one of their friendly staff in Coffs Harbour and experience the BCU Difference. Thirty five years ago loans were paid back at the rate of 20 cents a carton of bananas sold at market! Today BCU operates under the same Government regulations as the banks, can lend up to $7 million to any one business and have won three national awards for the value they provide to their Members… they are a real alternative to the banks for rural and regional communities. This is an ideal partnership for Prime Super. BCU were founded by farmers and are well respected in rural and regional Australia for the banking services they provide.
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