QTCU history

On 31 March 1965, a collection of 58 Queensland teachers met to discuss the possibility of establishing a financial co-operative. Twenty members joined at that meeting by subscribing five pounds for 10 shares, and the Queensland Teachers' Credit Union Limited was born.

Mr Jack Ross, a man who later dedicated much of his life to the Credit Union movement, was elected as the Credit Union's first Chairman.

Since these rather humble beginnings, the Credit Union has seen continued growth, not only in the number of members and amount of assets, but also in products, services, technology and innovation.

Today QTCU membership comprises people from all walks of life, in every corner of the State.

QTCU members are shareholders and therefore entitled to participate in shaping policies which direct the organisation's activities. Members are encouraged to vote for the Board of Directors and attend the Annual General Meeting.

QTCU ultimately wants to provide its members with the best in financial products and services, and excellence in delivering these products and services. QTCU operates in strict adherence to and in compliance with relevant legislation and a variety of other guidelines such as the Consumer Credit Code and Credit Union Code of Practice.

Mission statement

We exist to enhance the financial well-being of our customers by delivering personalised solutions.