About BCU

Historical Credit Union Events

Year

 
1970 Nambucca BGF Members Credit Union formedFirst registered office of Credit Union was secretary's home, Grays Crossing, Taylor's Arm.
1971 Membership increased to 58.

Assets as at 30th June were $6809.00.Credit Union operated one half day per week in Macksville BGF Manager's office.

1972 Second Annual General Meeting decided 'The name of the Credit Union should be Coffs Harbour, Nambucca BGF Members Credit Union'.

Service provided to members from BGF store in Coffs Harbour.

1974 First full time office opened in Park Avenue Coffs Harbour.Office opened in Dorrigo one day per week.

Fifth Annual General Meeting motion moved and carried unanimously 'The name of the Credit Union shall be Bananacoast Community Credit Union Ltd.'

1976 Building in Dorrigo purchased and office opened full time.Block of land purchased in Macksville.
1977   Your Credit Union became a million-dollar Credit Union.Assets as at 30th June $1,226,499.00.
1979 Macksville building erected and occupied by both branch service and administration.

This marked the end of the Credit Union's close association with the BGF.

1980 Coffs Harbour office transferred to Grafton Street, Coffs Harbour.
1981 First agency established at Urunga.
1982 Credit Union became computerised.

Approach $5 Million in assets.

1983 Bellingen and Nambucca Heads agencies established.

Sawtell agency established.

1984 Building purchased in Woolgoolga and branch opened.
1985 Agency at Bowraville established.

The Credit Union merged with Mid North Coast Credit Union.

1987 Urunga converted to a branch.
1988 Scotts Head agency opened.

Bellingen agency converted to a branch.

Macksville branch and Administration separated.

Credit Union Arcade in Nambucca Heads purchased and the branch came into existence.

Toormina branch became operational.

1989 Land purchased in Bowraville, building erected at Bowraville.
1990 New branch building at Bellingen opened.
1991 Northside Branch established.
1993 Macksville Branch relocated to Wallace Street.

Head Office remains in the Cooper Street building.Coramba agency converted to a branch.

1994 Grafton branch opened.
1995 Coramba Branch building purchased.

5 ATM's installed:Grafton, Coffs Harbour, Woolgoolga, Bellingen, Toormina.

1996 ATM's installed at Nambucca Heads and Macksville.

Account Access Telephone system operational.Mr NJ Spear retired as General Manager.

Mr Ray Battle appointed Chief Executive Officer.

1997 Northside Branch relocated to new building.

Strategic Planning and new policies developed.

Cuecard accepted internationally through Cirrus and Maestro networks.

1998 New ATM installed at Northside Branch.

Second ATM installed at Coffs Harbour.

1999 Coffs Harbour Branch refurbished.

Electronic Teller Cash Dispensers installed at Coffs Harbour, Toormina and Northside.

2000 Port Macquarie Branch opened and ATM installed. Grafton Branch relocated to Prince Street.
2001 Four additional ATMs installed: Urunga, Port Macquarie, Coffs Harbour Jetty Shopping Village and Bailey Centre.

BPAY and IBank Online Banking introduced.

2002 ATM installed at Coffs Harbour Health Campus.

Ballina Branch opened and ATM installed.

Board declared Scrip Dividend payable to members.