Cuscal


Cuscal Limited is an Australian company that predominantly provides transactional banking, liquidity and capital management services and products to institutional customers including credit unions, mutual banks and superannuation funds. Cuscal is regulated by the Australian Prudential Regulation Authority as an Australian authorised deposit-taking institution, and by the Australian Securities and Investments Commission. It is a member of EFTPOS Payments Australia and the Australian Payments Clearing Association. Cuscal has an A+ credit rating.
Cuscal was established in 1992 as the Credit Union Services Corporation Limited and became Credit Union Services Corporation Limited before changing its name to Cuscal Limited in December 2005. Cuscal replaced the state based credit union bodies, which had been in operation since 1956. Cuscal was incorporated as a Special Service Provider under the financial institutions scheme, and assumed a role of providing liquidity and balance sheet support, in addition to aggregated access to money markets, to the mutual banking industry through its treasury function.
In 1994, Cuscal released the Credit Union Code of Practice. Until the Credit Union Industry Association and the Australia Association of Permanent Building Societies merged to form a new joint industry association in 2006, the Association of Building Societies and Credit Unions now the Customer Owned Banking Association, Cuscal also assumed the role of a trade association for Australian credit unions and co-operatives.

Services

Cuscal's services include:
Treasury services include: