Elcom Credit union is a group of people who join together to pool their savings and make loans to each other at reasonable interest rates with a sensible approach to fees and other account keeping charges. Credit Unions were originally set up around church parish groups, until the mid 1960's when the focus changed to be employees of a particular enterprise, conducting their own financial saving and borrowing services.
Today there are more and more community based credit union services available to the public.
Mainly their attitude towards people and community, they have been created in the belief that everyone deserves respect. No one person is more important than anyone else. The credit union philosophy involves people wanting to make their own lives better through their own actions. Many people are surprised to learn that over the past decade, credit unions have grown to have more customer relations than three of the largest four banks in Australia and edged out building societies to become the second largest force in the provision of retail financial services. To become a member you must call into a branch with appropriate identification.