CSA Cooperative Credit Union Society – A Western Australian endeavour

Amanda Barber, Senior Archivist, Australian Mutuals History

The CSA Cooperative Credit Union Society was formed by officers in the Western Australian Department of Lands and Survey and the Office of Titles. It was initially registered as the Land Titles Credit Union Limited when it was formed in November 1960.

The Land Titles Credit Union Limited had a bond of association that extended to members of the Civil Service Association. In December 1961 it changed its name to CSA Cooperative Credit Union Society Limited.

In December 1981 the name changed to CSA Credit Union Limited. In 1989 it accepted engagements of The Railways Officers Co-operative Credit Union Society Limited.

In 1994 a profile of the credit union was published in the Australian Credit Union Magazine. The profile was part of a regional feature on Western Australia. The article noted that there were 17 credit unions operating at the time and that credit union assets in Western Australia totalled $699.43 million on 30 September 1993, which was an increase of 9.60% on the previous year’s figures.

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Profile from Australian Credit Union Magazine, Feb/Mar 1994

In November 1995 the credit union merged with API-Auscom Credit Society Limited to form StateWest Credit Society Limited. In 1998 a profile of the StateWest Credit Society was published in the Australian Credit Union Magazine and it stated that “the decision to merge was based on the belief a larger entity would provide members (predominately Commonwealth and State public servants) with a stronger financial institution able to pass on better rates, better service and greater security”.

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From the Australian Credit Union Magazine, Oct/Nov 1998 

StateWest Credit Society Limited continued to grow and accepted engagements of Wapet Staff Credit Society Limited (1998), Health Services Credit Union Society Limited (2002) and Breweries Union Credit Society Limited (2004)

On 10 July 2006 StateWest Credit Society demutualised to merge with Home Building Society. This expanded entity subsequently merged with Bank of Queensland in November 2007.

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Photograph of StateWest’s general manager Greg Wall from Australian Credit Union Magazine, Oct/Nov 1998