This article has multiple issues. Please help improve it or discuss these issues on the talk page . (Learn how and when to remove these template messages)
|
Qudos Bank | |
Formerly |
|
Company type | Mutual Bank Customer-owned financial institution |
Founded | 1 November 1959 in Sydney [1] |
Headquarters | Mascot, Sydney , Australia |
Key people |
|
A$22.48 million [2] (2022) | |
Total assets | A$5.2 billion [2] (2022) |
Members | 89,879 [3] (2022) |
Qudos Mutual Limited, trading as Qudos Bank, is an Australian mutual bank that provides retail banking products and services, including home loans, personal loans, car loans, credit cards, savings, financial planning assistance, and foreign exchange.
Qudos Bank is an unlisted public company owned by its customers, and its board consists of seven directors, five of whom are member-elected and two of whom are board-appointed. It operates five branches across Australia. As of October 2020 [update] , Qudos Bank had a market share of 0.2% of household lending balances and 0.3% of household deposit balances. [4]
On 19 August 1959, a group of 14 Sydney-based Qantas employees met and resolved to lodge an application to register the Qantas Staff Co-operative Credit Union Limited. The organisation received its registration as a credit union on 10 September 1959 and began operating on 1 November of the same year. [5]
Membership was initially restricted to Qantas employees based in Sydney, although by 1964 employees of British Airways and Air New Zealand were permitted to join. In 1963, the credit union claimed that 20% of Australian-based Qantas staff were members, which was claimed to have increased to 50% by 1969 and 90% by 1980. [5] In 1970, the word "co-operative" was removed from the name of the organisation. [5]
The Credit Union started to broaden its reach in 1996 when it commenced lending to non-Qantas employees. By 2011, the constitution posted on the organisation's website allowed existing members to nominate new members, rather than membership eligibility depending on a person's employment or family connections. As staff are members under the constitution, they were able to nominate new members, thereby allowing anyone to join the credit union. [6]
On 31 October 2012, the Qantas Staff Credit Union registered the business name Qantas Credit Union, [7] and, from late 2012, it traded as the Qantas Credit Union, with the re-branding completed in 2013.[ citation needed ]
By 2014, the organisation had grown to 90,000 members and, by then, two-thirds of members were not employed by Qantas. [8]
The idea of changing the name of the organisation to include the term bank was first mentioned in the 2015 annual report, with chairman Mark Boesen stating that the board believed a change was necessary because of confusion around membership eligibility due to the association with Qantas Airways, and the use of the term credit union limiting the organisation's growth. [9] During the transition to the name Qudos Bank, the organisation stated that Qantas requested the organisation cease using the Qantas name, as well as branding similar to, or associated with, Qantas. [10]
At its 56th annual general meeting, members voted in favour to change the legal name of the organisation to "Qudos Mutual Limited", enabling it to apply to the Australian Prudential and Regulation Authority for consent to trade as "Qudos Bank". 75% was needed for the motion to pass and 79.98% of the members voted in favour of the change. [11]
On 4 April 2016, Qudos Bank was created, with the name being a play on the word "kudos". Along with the name change, the organisation also adopted a new slogan" "so unbank like". [12]
At the beginning of 2014, the organisation purchased the naming rights to the Sydney Entertainment Centre, with the venue becoming known as the Qantas Credit Union Arena. [13] It had been intended to demolish the venue at the end of 2013, [14] but the naming rights deal saw the venue remain open until December 2015. [15]
In April 2016, Qudos Bank secured a multi-year naming rights deal for the Sydney Super Dome, most recently known as the Allphones Arena. [16]
Qudos Bank provides a variety of financial banking products and services, including home loans, credit cards, personal loans and several types of savings accounts, as well as financial planning, general insurance, and foreign currency.[ citation needed ]
Qantas Airways Limited, or simply Qantas, is the flag carrier of Australia, and is the largest airline by fleet size, international flights, and international destinations in Australia and Oceania. A founding member of the Oneworld airline alliance, it is considered to be the only airline in the world that flies to all seven continents, with it operating flights to Africa, Antarctica, Asia, Europe, North America and South America from its hubs in Sydney, Perth, Melbourne and Brisbane. It also flies to over 60 domestic destinations across Australia.
Rugby Australia Ltd, previously named Australian Rugby Union Limited and Australian Rugby Football Union Limited, is an Australian company operating the premier rugby union competition in Australia and teams. It has its origins in 1949. It is a member of World Rugby. Rugby Australia has eight member unions, representing each state and the Northern Territory and Australian Capital Territory. It also manages national representative rugby union teams, including the Wallabies and the Wallaroos.
The Australia and New Zealand Banking Group Limited, commonly known as ANZ Bank, is a multinational banking and financial services company headquartered in Melbourne, Victoria, Australia. It is Australia's second-largest bank by assets and fourth-largest bank by market capitalisation.
The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope are determined by the Australian Securities and Investments Commission Act 2001.
Most commonly known as CHOICE, the Australian Consumers' Association is an Australian not for profit consumer advocacy organisation. It is an independent membership based organisation founded in 1959 that researches and campaigns on behalf of Australian consumers. It is similar to the Consumers Union in the United States and Which? in the United Kingdom, who are considered sister organisations. It is the largest consumer organisation in Australia.
The Transport Workers' Union of Australia (TWU) is a trade union with members throughout Australia. It has 5 main branches based in: Australian Capital Territory/New South Wales; Queensland; Victoria/Tasmania; South Australia/Northern Territory; and Western Australia.
Sydney Olympic Park is a suburb of Greater Western Sydney, located 13 kilometres west of the Sydney central business district, in the local government area of the City of Parramatta Council. It is commonly known as Olympic Park but officially named Sydney Olympic Park. The area was part of the suburb of Lidcombe and known as "North Lidcombe", but between 1989 and 2009 was named "Homebush Bay". The names "Homebush Bay" and, sometimes, "Homebush" are still used colloquially as a metonym for Stadium Australia as well as the Olympic Park precinct as a whole, but Homebush is an older, separate suburb to the southeast, in the Municipality of Strathfield.
The NSW Schools Spectacular is an Australian variety show featuring more than 5,500 students from public schools across New South Wales and was performed annually at the Sydney Entertainment Centre between 1984 and 2015, after which the venue was permanently closed. In 2016, it moved to Sydney Olympic Park, and found its new home at Qudos Bank Arena.
The Sydney SuperDome is a multipurpose arena located in Sydney Olympic Park suburb of Sydney, New South Wales, Australia. It was completed in 1999 as part of the facilities for the 2000 Summer Olympics.
Heritage and People’s Choice Limited, trading as People's Choice, is an Australian credit union based in Adelaide, South Australia. It is one of Australia's largest credit unions, with branches located in South Australia, Northern Territory and Victoria, offering loans, credit cards, transaction and savings accounts, mortgages and insurance.
Teachers Mutual Bank Limited is a mutual banks in Australia, with more than 200,000 members and assets of over $8 billion.
Hillsong Conference is a mid-year week-long annual Christian conference hosted in Sydney, Australia, with a smaller three-day event held in London later each year. It is the largest annual conference in Australia of any kind. The event is hosted by Hillsong Church at the Qudos Bank Arena and surrounding Olympic Park precinct.
Perth Arena is an entertainment and sporting arena in the city centre of Perth, Western Australia, used mostly for basketball matches. It is located on Wellington Street near the site of the former Perth Entertainment Centre, and was officially opened on 10 November 2012. Perth Arena is the first stage of the Perth City Link, a 13.5-hectare (33-acre) major urban renewal and redevelopment project which involves the sinking of the Fremantle railway line to link the Perth central business district directly with Northbridge.
The following lists events that happened during 1878 in Australia.
Bank Australia is an Australian customer-owned bank based in Collingwood, Victoria. The organisation can trace its origins back to 1957, when the CSIRO Co-operative Credit Society was formed. Over succeeding years, mergers among 72 other credit unions and co-operative banks eventually led to the creation of the Members & Education Credit Union (mecu) in 2003, which became Bankmecu in 2011, and Bank Australia in 2015.
Credit unions in the United Kingdom were first established in the 1960s. Credit unions are member-owned financial cooperatives operated for the purpose of promoting thrift, providing credit and other financial services to their members.
Hulkamania: Let The Battle Begin Tour was a 2009 professional wrestling tour promoted by Hulk Hogan and Eric Bischoff, which took place in Australia. These events featured the first wrestling appearance of Hogan in Australia. The event was taped by ONE HD.
Shaun Kauleinamoku is an arena football wide receiver for the Shanghai Skywalkers of the China Arena Football League. He played collegiately at Western Oregon University. Kauleinamoku has also been member of the Spokane Shock, San Antonio Talons, Utah Blaze, Pittsburgh Power and Shanghai Skywalkers.
Community First Bank is an Australian member or customer-owned community-focused bank established in Sydney in 1959 as Sydney Water Board Officers Credit Union with branches in Sydney and the central coast region
{{cite web}}
: CS1 maint: bot: original URL status unknown (link){{cite web}}
: CS1 maint: bot: original URL status unknown (link){{cite web}}
: CS1 maint: bot: original URL status unknown (link){{cite web}}
: CS1 maint: bot: original URL status unknown (link)