Savings Accounts FAQs
Take a look at our FAQs below:
- Do I have to be a member to open an account?
- How much do I need to deposit to open a savings account?
- How do I make deposits to my account?
- How do I make withdrawals from my account?
- How often will I receive information on my account?
Do I have to be a member to open an account?
The Credit Union is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. You need to be a member of the credit union to open an account with us. ^
How much do I need to deposit to open a savings account?
There is a minimum deposit of $1 required to open a savings account with us.
How do I make deposits to my account?
You can arrange to make deposits to your account by:
- direct credit of payroll or other income;
- transfer from another savings or transaction account;
- Internet Banking transfer;
- over the counter at any branch of the Credit Union; or
- with your Redicard or Visa Debit Card via Bank@Post or at any participating Australia Post branch.
How do I make withdrawals from my account?
Accessing your money will depend on the particular features of your account however we offer an extensive range of access facilities:
- Internet banking
- BPAY®
- Electronic funds transfer
- Redicard
- Visa Debit & Credit Cards
- Cheque book
- Branch withdrawal
How often will I receive information on my account?
Statements are issued at least every six months or as requested.
Account balances are available through our Internet Banking services and statements are available through our Internet banking service.
Shoalhaven Community Credit Union is a division of Community Alliance Credit Union Limited the product issuer of the deposit and payment products. ABN 14 087 650 771 AFSL No. 245 576. Any advice given is of general nature only and does not take into consideration your objectives, financial situation or needs. Please consider the appropriateness of the advice before acting.
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