Your deposits are safe with CUA

Deposits with CUA continue to be covered by the Financial Claims Scheme, which has been confirmed as providing permanent protection.

In October 2008 the Federal Government introduced a temporary deposit guarantee capped at $1 million per person. From 1 February 2012 a new permanent deposit guarantee with a cap of $250,000 per account holder will apply.

What this means for you:

• A new Financial Claims Scheme with a permanent cap of $250,000 per account holder will apply from 1 February 2012.
• So your deposits with CUA continue to be covered by the Government Financial Claims Scheme subject to the permanent gap.
• Term deposits which existed on 10 September 2011 will continue to be covered up to $1 million until either the scheduled maturity date or 31 December 2012, whichever is earlier.

CUA is an authorised deposit taking institution (ADI) subject to regulation under the Banking Act 1959 (Cth). Like all major banks in Australia, CUA is regulated by the Australian Prudential Regulation Authority (APRA) and subject to the same prudential standards and provisions.

View APRA’s frequently asked questions about the changes to the Financial Claims Scheme.

For more information, please call 133 282 between 8am and 8pm AEST Monday to Friday or 8am to 4pm Saturday, or visit your local CUA branch.