The Australian Prudential Regulation Authority (APRA) commenced operation in 1999 following recognition by the Federal Government of a need to establish a stronger regulatory regime in Australian financial services. As a prudential regulator, APRA sets standards for the prudent management of financial institutions in Australia, to ensure adequate financial and managerial capability.
BCU Bank, like all Australian banks and credit unions, is categorised and licensed by APRA as an Authorised Deposit-Taking Institution (ADI). All financial institutions are subject to the same prudential standards, regulations and supervision.
On 9 December 2022, APRA released its final version of the new Prudential Standard APS 330 Public Disclosure (APS 330) effective from 1 January 2023. A key change to the standard was to adjust application of the reporting requirements to exclude non-significant financial institutions (non-SFIs). As a non-SFI, BCU Bank was therefore no longer required to prepare APS 330 disclosures following the December 2022 disclosure, and commencement of the new prudential standard.”
Previous disclosures
- 31 December 2022 - Prudential Standard APS330 Disclosure - PDF (1.1 MB)
- 30 September 2022 - Prudential Standard APS330 Disclosure - PDF (1.1 MB)
- 30 June 2022 - Prudential Standard APS330 Disclosure - PDF (1.2 MB)
- 31 March 2022 - Prudential Standard APS330 Disclosure - PDF (820 kB)
- 31 December 2021 - Prudential Standard APS330 Disclosure - PDF (1.1 MB)