Company Information

Get to know Bankmecu

Originally established in 1957 as the CSIRO Co-operative Credit Society, the institution grew through mergers with various credit unions, eventually becoming Members and Education Credit Union (mecu). In 2011, it became one of Australia's first mutual banks under the name Bankmecu. In 2015, the company rebranded to Bank Australia to better reflect its national presence and its commitment to using money as a force for good. As a customer-owned bank and a certified B Corporation, it reinvests profits for the benefit of its customers and the community, explicitly avoiding investments in industries that cause harm, such as fossil fuels, live animal exports, and weapons.

Industry

Financial BankingPRIMARY
Financial Other Service

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Bankmecu

Australia

Founded in

1957 (69 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.