Australia’s largest member-owned banking organisation, CUA, has announced a Financial Assistance Package to help support its members impacted by the COVID-19 situation.

CUA Health will delay its 1 April premium changes and cover a range of telehealth services for six months, as part of a broader package of financial relief measures for members in response to the COVID-19 pandemic.

Solid member and balance sheet growth have underpinned CUA’s first-half financial results for FY20, off the back of a renewed strategic focus on growing transactional banking.

The safety and wellbeing of our members and team members is of paramount importance to CUA. We are actively monitoring the coronavirus (COVID-19) situation and would like to reassure our members about the steps we are taking in response.

Australia’s largest customer-owned banking organisation, CUA, will lower interest rates by 0.25% p.a. across its variable owner-occupied and investor home loans, following the Reserve Bank’s decision yesterday to reduce the official cash rate.

Australia’s largest credit union, CUA, will play a leading role in helping more first home buyers step onto the property ladder sooner, after being appointed to the lending panel for the Australian Government’s First Home Loan Deposit Scheme.

CUA Health has today confirmed changes to its 2020 insurance premiums, highlighted by additional benefits and one of its lowest average increases over the past two decades.

Around 2.58 million Australians are not connected to the internet and many more lack the digital skills to fully participate in the online world.1Residents of major cities are much more likely to have home internet access (88%) than those in remote areas (77%).1Young people aged 15-17 have the highest proportion of internet use (98%), compared to older Australians aged 65 (55%).1Just over half of all Australian consumers, and 79% of those aged 18-24, use a mobile banking app for most of their banking. But 50% of those aged 65+ say they would never use a mobile banking app.2

Australia’s largest credit union, CUA, will be in a stronger position to pursue opportunities for growth and innovation following a member vote at yesterday’s Annual General Meeting (AGM).

CUA has today launched a new innovative accelerator program developed in collaboration with industry leading partner Slingshot, with the goal of giving control and clarity over personal finances to our members.