CUA proves it's on the money following award win
CUA has won the ‘Best Investment Account’ (non bank) category in Money magazine’s 2009 Best of the Best awards.
The award recognises the best average interest rate in the past six months at a balance of $100,000 and with the most and best product features such as ATM access and cheque book facilities.
CUA Acting Chief Executive Officer Mr Rob Nicholls said CUA products were designed to provide considerable benefits to members and he was honoured CUA had been recognised.
“It is great to see Money magazine recognising credit unions, not just banks, and I’m proud that CUA has been awarded,” he said.
“In the current economic climate, cash management accounts are good investment options because they generally have competitive interest rates which are much higher than you would get in an everyday transaction account, while still giving you access to your money when you need it.”
Mr Nicholls said he credited CUA’s win to the credit union’s member-focused philosophy.
“CUA is owned by its members, not external shareholders, which means we exist solely to help our members access quality competitive products such as the Cash Management account.”
