Credit Union Financial Services (Australia) Ltd (CUFSAL) was begun in 1985 to establish a national presence for credit unions in the Australian and international money markets and to improve security for credit union depositors. According to the foundation Managing Director, CUFSAL had its origins about 5 years before its official commencement when the 'central bank' of the various state credit union associations began to integrate. CUFSAL became the single settlement institution for the credit union industry and managed payments by Redicard and Visa Card holders.

Historically, ‘central banking’ was necessary as credit unions need sufficient economies of scale to maintain the financial security of their operations and of course there is legislation overseeing this. When technology improved and legislation became increasingly federalised it made sense to create a national ‘central bank’ for credit unions. Eventually, the various state leagues became centralised in Cuscal which also became the holding company for CUFSAL.

Our CUFSAL holdings include annual reports, governance documents, general reports, photographs and a video.