mecu Limited is a mutually owned unlisted public company limited by shares, and it is registered with ASIC and regulated by APRA. bankmecu holds an Australian financial service licence (AFSL), an Australian credit licence (ACL) and is an authorised deposit-taking institution (ADI). We are regulated in the same way as all Australian banks and are covered by the Australian Government’s guarantee on deposits. International rating agency Standard & Poor’s gives the Bank an investment grade BBB+/Stable/A-2 credit rating.
bankmecu’s core business is retail banking. We also have agreements with other organisations to provide the following financial, insurance and ancillary products and services to our customers:
- debit and credit cards
- remote banking payment products and services
- foreign currency
- life and health insurance
- financial planning