Our Credit Union

We are Illawarra Credit Union

Illawarra Credit Union has been serving New South Wales customers since 1972. Our team are here for you, every step of the way. We listen, understand your needs and develop the right banking solution for you.

Illawarra Credit Union Limited (ICU) is a member-owned, community-focused financial institution with over 25,000 members and manages around $950m in assets under management, with one retail outlet and an internet presence Australia-wide.

ICU was established in 1972 as the first open bonded credit union in Australia, serving the people of the Illawarra.

Illawarra Credit Union has since merged with a number of other credit unions throughout the years, such as Colliers Employees Credit Union (1973), Norwarra Credit Union (1975), Huntley Credit Union (1989), Western City Credit Union (2005), Unicom Credit Union, and Shoal Haven Credit Union (2006), to expand its membership and reach more customers in the greater Sydney market and Australia-wide.

Given the diverse customer base, Illawarra Credit Union embarked on a digital-first strategy, providing better online services and products to serve our customers wherever they chose to live.

Illawarra Credit Union offers a full range of retail financial services, which have been recognised on numerous occasions by the industry as best in class.

On the 3rd April 2024 S&P Global Rating assigned its ‘BBB’ long-term and ‘A-2’ short-term issuer credit ratings to Illawarra Credit Union Ltd (ICU). The outlook for the long-term rating is stable.

Illawarra Credit Union has also partnered with selective boutique brokers to increase our reach both within the Illawarra market and further afield.

Not to brag, but.

2021, 2022 & 2023 Mozo Experts Choice Australia's Low Rate Credit Card

2023 Mozo Experts Choice Australia's Secured Personal Loan

2023 Mozo Experts Choice Australia's Used Car Loan

2023 Finder Awards Low Rate Credit Card - Highly Commended

2022 Canstar Outstanding Value Green Personal Loan

2022 Canstar Outstanding Value Green Car Loan

2021 Mozo Experts Choice Australia's Best Credit Union

Learn more

2021 Finder Awards Finalist Low Rate Credit Card

no bull credit card

2021 Mozo Experts Choice Bare Essentials First Home Owners Special Offer

Bare Essentials First home owners special offer

2021 Mozo Experts Choice The Works Variable Home Loan (Package)

The Works Package 2 year intro special

2021 Mozo Experts Choice The Works Special Variable Home Loan

The Works Package 2 year intro special

2021 Mozo Experts Choice The Works Special Variable Home Loan

The Works Package 2 year intro special

2018 Mozo Experts Choice Car Loan

Online Personal Loan Package

2018 Mozo Experts Choice Excellent Credit Secured Personal Loan

Online Personal Loan Package

2018 Mozo Experts Choice Secured Personal Loan

Online Personal Loan Package

2018 CANSTAR 5 Star Rating for Outstanding Value

Saver Account

2018 Mozo Expert’s Choice No Strings Savings award

Saver Account

2017 Mozo Expert’s Choice No Strings Savings award

Saver Account

2017 CANSTAR 5 Star Rating for Outstanding Value

Saver Account

2016 CANSTAR Customer-Owned Institution of the Year Fixed Rate Home Loan

2016 CANSTAR Outstanding Value Mortgage Fixed Rate Home Loan

2016 CANSTAR Outstanding Value Mortgage Variable Rate Home Loan

2015 CANSTAR Outstanding Value Mortgage Fixed Rate Home Loan

2014 CANSTAR Outstanding Value Mortgage Fixed Rate Home Loan

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