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Originally known as the Clutha Employees Credit Union, The Mac was founded by a group of truck drivers and miners with an aim to help local coal miners in the Camden area who were being denied access to financial products and loans.
The Credit Union developed quickly, and in 1978 extended membership to the entire Macarthur district, becoming known as Macarthur Mutual Credit Union. In 1995 the credit union decided to drop ‘Mutual’ from its name and finally in 2013, Macarthur Credit Union became The Mac to reflect the personalised culture and service of the credit union. Priding itself as friendly, helpful and supportive, The Mac remains the only community based credit union within the Macarthur region, and currently holds over $200 million dollars in assets.
The Mac currently has 4 branches (Camden, Narellan, Picton and Tahmoor) supporting the Macarthur and Wollondilly areas with over 17,000 members.
Governance
- Greg Wright
- Phillip Rankin
- Neville Hoskin
- Kylie Powell
- Robert John Rofe
- William Rooney (Bill)
- Ron Streater
- Lloyd Steven Pollard
- Geoffrey D Ellis
- Jill Martin
Executive Team
- Dave Cadden, General Manager
- Paul Brooks, Deputy General Manager
- Rebecca Brookes, Strategy & Services Manager
- Graham Portors, Loans Manager
- Craig Oliver, Compliance & Policy Manager
Core Products
The Mac currently offers a number of products and services to members including fixed and variable home loans, personal loans, car loans, personal overdrafts, savings accounts, term deposits and junior accounts. They also help with financial planning, travel currency and insurance products such as home and contents insurance, car insurance, landlord insurance, life insurance, travel insurance and consumer credit insurance.
Community Focus
The Mac invests up to $60,000 into the Macarthur and Wollondilly areas each year through a community grant program, a number of localised event sponsorships and charitable donations.
The organisation’s community grant program has been operating since 2010 and awards amounts to local community groups that apply for funding and whose projects benefit the community in line with the organisation’s values.
See Also
- Camden
- Picton
- Tahmoor
- Narellan
- Campbelltown City Council
- Camden Council
- Wollondilly Shire Council
- Macarthur
| Date | Milestone |
|---|---|
| 12 November 1971 | The Clutha Employees Credit Union Ltd opens, to service the 2,000 employees of the Clutha Mines. |
| 26 April 1978 | The name of the credit union becomes the Macarthur Mutual Credit Union Ltd. Membership is extended to the local Macarthur community. |
| 15 May 1979 | The Picton Branch opens. |
| 9 August 1979 | The Credit Union moves from rented premises to their own premises in Argyle Street, Camden. |
| 31 August 1985 | Prime real estate is purchased to erect the existing, modern head office in Camden. |
| 1 March 1990 | The Narellan Branch opens. |
| 14 February 1991 | Construction begins on the new site in Camden. |
| 11 April 1992 | 1992 The new premises for the Macarthur Mutual Credit Union is officially opened. Now approaching $40m in size, the Macarthur Mutual Credit Union is the largest locally based financial institution. |
| 1 December 1994 | The Tahmoor Branch opens. |
| 20 January 1995 | A change of name occurs; the credit union becomes known as Macarthur Credit Union. |
| May 2010 | New office in Oran Park Town is opened to service existing members and welcome in new suburbs with Mobile lending services. |
| 1 July 2013 | Macarthur Credit Union rebrands and is now known as The Mac. |