The idea for the Traditional Credit Union (TCU)
was originally developed by a group of Aboriginal Elders to provide
financial services to residents of Arnhemland communities who were
disadvantaged by a lack of banking and other financial services.
We would not have developed any further if it
weren't for grant funding received from the then Government Department
ATSIC and the Arnhemland Progress Association. Through the tireless
efforts of a number of Aboriginal Elders and the Arnhemland Progress
Association we were incorporated as a credit union on the 5th December
With our first remote branch opened in Milingimbi
in 1995 we have grown to a network of fifteen branches. As a credit union, our members (whether
individuals, family groups or organisations) are shareholders and
hence the primary focus for us is the needs of our members.
"Our mission statement is to
provide personalised quality financial services for the Indigenous
people and organisations in remote communities while respecting
and valuing the cultural heritage of Indigenous Australians."
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