Mutual bank owned by law enforcement staff in Australia
Police Bank Ltd
Company type
Mutual bank
Industry
Financial services
Founded
1964
Headquarters
Sydney 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
Police Bank Limited 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.
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]
^Chee, M.(2019). Annual Report 2019 (Police Bank Ltd. Annual Reports. ). Sydney : Police Bank Ltd.
^"Police Bank Ltd." Customer Owned Banking Association. Customer Owned Banking Association Limited (COBA), 3 March 2013. Web. Retrieved 10 April 2014.
^"List of Authorized Deposit-taking Institutions." APRA. Australian Prudential Regulation Authority, 2 April 2014. Web. Retrieved 10 April 2014.
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Global Information
A$2 billion (2019)[1]