Who is Police Bank

About Police Bank

Police Bank is a secure, modern financial institution offering access to a wide range of products and services through enhanced delivery channels combined with a discounted fee structure.

The organisation originally started as NSW Police Credit Union (PCU) in the early 1960′s when a group of Police Officers at Clarence Street Police Station in Sydney had the vision of forming a mutual organisation for the benefit of all Officers. PCU was officially registered and opened for business in 1964 with just 60 Members. Today, we have grown to be one of the biggest and most successful financial institutions in Australia, testament to the loyalty and support our Members provide us.

Police Bank is supervised by the Australian Prudential Regulation Authority (APRA) to maintain operational standards which ensures security of our Member’s funds. APRA is the same body that supervises the major banks. Police Bank is governed by its Board of Directors who are elected by Members at the Annual General Meeting.

Mission Statement

Police Bank is primarily a community of Members, Directors and Staff who together form an important and integral part of the life of Police and their families.

Directors and Staff operate in the interest of all Members according to the following key values:

  • A flexible and caring response to Members needs
  • Honoring excellence in relationship between and among Members, Directors and Staff
  • Personal honesty and integrity

We provide personal attention to the financial well-being of each Member through flexible products and services in a competitive environment combined with prudential financial management in pursuing appropriate levels of growth.

We work together in building Police Bank to become the best in Member service, range of relevant products and services, management practices and financial strength.

Mutual Banks – An Alternative and Proud of It

While many of Australia’s largest companies and financial institutions are coming to terms with their values and ethics, Police Bank have a very clear purpose.

Police Bank agrees to promote the principles of Member-owned financial institutions, to meet the financial needs of Members with dignity, honesty and integrity.

Police Bank is a Member-owned financial institution that is focused on the people they serve. There are no external shareholders to influence the course of our activities. This means that profits are returned to Members in the form of better interest rates, products and services.