Your Safety and Security

South West Credit is an Approved Deposit Taking Institution (ADI) as are the banks. We are regulated by the Australian Prudential Regulatory Authority (APRA). All ADI’s are subject to the depositors protection provisions of the Banking Act of 1959.
As part of the new Financial Claims Scheme (FCS), deposits with credit unions, mutual building societies and mutual banks of up to $250,000 will be covered on a permanent basis by the Government Guarantee from 1st February 2012.
South West Credit and other Credit Unions meet the same strict, legally enforceable standards as banks under the Banking Act regulated by the Australian Prudential Regulation Authority (APRA). Credit Unions are prudent and responsible lenders.
The Government Deposit Guarantee applies to our:

• Fixed Term Deposit Products
• Savings Account Products

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