Customer Owned Banking Association

Dnister’s longtime partner, COBA is the Customer Owned Banking Association and industry advocate for Australia’s customer owned banking sector.

The customer owned banking sector has combined assets of $111 billion, offering Australians a competitive alternative to banks and access to a range of savings, investment, loan and insurance products. Unlike banks, profits are not paid to external shareholders, but put back into better products and services for customers and their local communities.

The association is a strong public advocate, pushing for more banking competition and a fairer operating system to help our industry challenge the big banks dominating the market.

Benefits of Banking with Dnister Ukrainian Credit Co-operative

The most important reason for choosing a credit union such as Dnister is that we are customer owned, meaning we put our customers FIRST.

Credit unions are not publicly-listed companies and so, unlike the publicly-listed banks, we don’t have the pressure to maximise profits to pay any external shareholders.

Instead, we put our profits back into better rates, fairer fees, responsible lending and outstanding customer service.

Credit unions, mutual banks and building societies exist for their members: being customer owned organisations, they are fully owned by their members.

You Are Safe & Sound

Credit unions are responsible lenders. Credit unions have the lowest levels of arrears in the Australian lending market meaning our funding base is strong and secure, and drawn mostly from our members’ deposits. We have less exposure to the volatile wholesale markets.

You Come First

If you’re a member of a customer owned banking institution, you become an owner of that organisation.
Our customers are our owners, so we focus on what’s best for our members and put their interests before ours.

You are happy

Our members tell us they like what we deliver: we consistently have the highest levels of customer satisfaction among banking groups according to Roy Morgan Research. Our members experiences are all personalised. You are not just a number to us.

You are our main focus

We were founded on the principle of giving back to the community and so we are are committed to social responsibility, environmental sustainability, and financial literacy both in Australia and further afield through our sponsorship’s and community programs.