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Because we’re an Authorised Deposit-Taking Institution (ADI), our members with a combined savings balance of up to $250,000 are guaranteed by the Australian Government. 
You can rest assured that if you take out any of our saving accounts, term deposits, or transaction accounts, you’ll be protected by the Government Guarantee.

FAQs

Check out some of our most popular questions on the Australian Government scheme below.

The Guarantee Scheme covers transaction, saving and term deposit accounts.

The new permanent cap of $250,000 is per person per institution on deposits guaranteed under the Financial Claims Scheme.

The Government Guarantee Scheme was designed to promote financial system stability in Australia, by ensuring consumers were confident in their Australian financial institution.

The scheme was also designed to ensure that Australian institutions are not placed at a disadvantage compared to their international competitors.

Check out the Australian Government Money Smart website or Financial Claims Scheme website for more information. 

Contact us to find out more

We’re always here to help. Give us a call or send us an email.
1300 937 824
enquiries@cu.com.au