banking, community and sustainability have never been so aligned
At the heart of mecu is a belief that strong synergies exist between social and environmental responsibility and a cooperative approach to banking.
In light of global environmental and economic issues, we recognise the need in our community for a broader measure of 'progress' and common prosperity, other than economic growth alone.
What makes us different to regular banks is our way of living and breathing our philosophy, in our ability to align our values with our stakeholders' expectations of sustainable economic wellbeing.
We genuinely make sure we carve a sustainable approach to banking into everything that we do, from our organisational culture, to our operations and our innovative products and services.
sustainable banking
Our sustainable approach to banking has seen us develop an innovative business strategy.
Our unique approach ensures that the economic, social and environmental performance expectations of our stakeholders are met, whilst at the same time recognising the opportunity we have to protect, sustain and enhance the financial, human and natural capital that’s required to continue developing mecu into the future.
cooperative principles of mutuality
mecu proudly supports the following principles of mutuality, which all financial cooperatives throughout the world share in common. Some members save and invest. Others borrow. Some do both.
- Open and voluntary membership
- Democratic control
- Non-discrimination
- Service to members
- Distribution to members
- Building financial stability
- On-going education
- Cooperation among cooperatives
- Social responsibility
It is great to know that a credit union is a financial cooperative owned and controlled by its like-minded members, who in our case includes people and a number of community sector organisations.
Credit unions differ from banks and other financial institutions in that the members who bank with the credit union are its owners.
our vision - what we aim to achieve
mecu will enhance the economic well-being of our members and their families.
our purpose - what we do
mecu will consistently and effectively provide our members and their families with value for money, compelling integrated banking, insurance and financial planning solutions, as well as memorable superior service in a profitable and sustainable way.
our values - how we earn people’s trust
mecu will:
- treat our members with dignity and respect
- value, encourage and support our employees
- operate ethically and with integrity
- apply prudent financial and business practices
- be economically, environmentally and socially responsible, and
- care for our communities.
our ambition - what we want to be known for
mecu aims to become the pre-eminent socially responsible banking brand in Australia.
