www.bankvic.com.au Open in urlscan Pro
13.107.246.31  Public Scan

Form analysis
0 forms found in the DOM

Text Content

visit bankvic.com.au


SINCE 1974


CELEBRATING THE BANKVIC COMMUNITY


1974

1975

1976

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1998

1999

2000

2001

2002

2004

2005

2006

2007

2008

2010

2011

2012

2013

2014

2015

2016

2018

2019

2020

2021

2023

2024



1974

On 28 August 1974, around fifty police officers gathered in the auditorium of
the Russell St police station, and voted to establish a credit society and
appoint the inaugural Board of Directors. The name ‘Police Association Credit
Co-operative Limited’ was adopted and formally registered on 5 September, 1974.

Directors included Senior Sergeant Morrie Buchan, Sergeant John Clooney, Senior
Sergeant Jack Cook, Senior Sergeant Bryan Kelly, Senior Sergeant Tim King,
Sergeant Peter Ryan, and Sergeant Ron Clapton.

The Board met for the first time on 17 September, and elected Bryan Kelly as
inaugural Chairman.

Gough Whitlam is Prime Minister

Ron Clapton was appointed the Co-op’s inaugural Manager (CEO), and would serve
in that role until 1987.

John Whelan, an employee of the Auditor-General’s department and attached to the
Fraud Squad, was appointed the first Auditor.

The co-op established an office in a converted storeroom in the Police
Association building on 2 December, and received its first cheque on 5 December.

Sir Rupert Hamer is Premier of Victoria
Image © Parliament of Victoria


1975

We moved to our own premises in Carlton, described by one customer as a “scungy
little house” at 20 Drummond Street, in March 1975.

Malcolm Fraser becomes Prime Minister
Image © National Archives of Australia


1976

The still-popular home and station calendars were first published.

Peter Finch posthumously wins Best Actor Oscar
Image © MGM / UA


1978

First computer installed, an ‘AWA Reality Computer’ with a $250,000 investment
(equivalent today of $1.5 million).




1979

We opened our membership to people working in Victoria's firefighting services.


1980

The slightly-adjusted name of ‘Police Credit Co-op’ is adopted.

On 1 December, the first Co-op branch was opened at the Police Academy in Glen
Waverley.

We provide free office space to Victoria Police Legacy, a close partnership we
proudly continue.


Lindsay Thompson new Victorian Premier (and #2 Patron of the Co-op)


1981

The Co-op's Tele-Pay service is established.




1982

Moved to 326 William Street, “our own home”, a building designed for and owned
by the Police Credit Co-op.

We joined the Victorian Credit Cooperatives Association.

John Cain Jr. becomes Premier of Victoria



1983

Phone-A-Loan established

Bob Hawke becomes Prime Minister
Image © National Archives of Australia


1984

The Police Credit Co-op celebrates its 10 Year Anniversary.




1985

The iconic ‘Little Copper’ money box is introduced.

All Tele-pay transactions taped using 4 Doro 732 voice data units and two line
logging recorders.




1986

The Co-op launched its own PC insurance on 1 July 1986.




1987

The first Police Credit Visa cards came into operation in August 1987 ("access
your Co-op account no matter where you are in Australia").

On the retirement of Ron Clapton, Robert Newbound is appointed CEO.




1988

BankVic extends shareholder membership to family members.




1989

First Angela Taylor Memorial Walk/Run held, in memory of the young Constable
killed in the 1986 bombing of the Russell Street police complex.


1990

Head office relocates to 121 Cardigan Street, Carlton.

Joan Kirner becomes Premier of Victoria
Paul Keating becomes Prime Minister
Image © National Archives of Australia


1991

In 1991 the Co-op were awarded a composite CAMEL rating of ONE, the highest
possible score. CAMEL is an acronym for Capital Adequacy, Asset Quality,
Management, Earnings and Liquidity (the five critical factors in a credit
union’s operations).

Membership reaches 30,000.




1992

Membership is opened to the emergency services sector, including Ambulance
workers, health workers and the public sector.

Jeff Kennett becomes Premier of Victoria
Image © National Archives of Australia


1993

Introduction of rapid response service (hotline that gives members access to
their accounts 24 hours a day, 7 days a week).


1994

"Looking after our own", a history of the first twenty years is published.




1995

World Trade Centre Branch (WTC) opens for business.


1996

Members are able to access to all EFTPOS terminals Australia-wide.

John Howard becomes Prime Minister
Image © National Archives of Australia


1998

We merged with Monash Credit Union and the new Monash medical Centre branch
opens its doors (August).

Steve Bracks becomes Premier of Victoria
Image © National Archives of Australia


1999

We celebrate our 25th Anniversary.

Membership reaches 50,000




2000

Our first website is launched: www.policecreditco-op.com.au

Sydney hosts the Olympic Games
Image © National Archives of Australia
Australia celebrates centenary of federation
Image © National Archives of Australia


2001

We introduced internet banking to enhance member access (including Bpay)


Nicole Kidman wins Best Actress at the Oscars
Image © Academy of Motion Picture, Arts & Sciences


2002

Personal chequebooks are introduced.

Fixed-rate home loans are first offered.

Cate Blanchett wins Best Supporting Actress at the Oscars
Image © Academy of Motion Picture, Arts & Sciences


2004

We celebrate our 30th anniversary.

Membership reaches 66,000.

Assets reach $470 million.




2005

Home Loan Centre established in July.


2006

PC Easy Loans online loan application introduced.

Melbourne hosts the Commonwealth Games
Image © National Archives of Australia
Image © National Archives of Australia
New Victorian Premier John Brumby, new PM Kevin Rudd


2007

Peter Kempster is appointed CEO.


2008

PC Visa credit cards are introduced.

Heath Ledger posthumously wins Best Supporting Actor
Image © Warner Bros


2010

Mobile Banking is introduced.

Assets reach $1 billion.

Ted Baillieu is new Victorian Premier, Julia Gillard new PM


2011

We win Money Magazine’s ‘Best Savings Account – Regular Deposit’

We embrace social networking, launching Facebook and Twitter accounts to stay
connected to our members.




2012

We are the first credit union in Australia to offer ‘PayAnyone’, an innovative
and secure new mobile payment feature, which enables members to send money to a
friend’s mobile phone or email address.


2013

On 1 June 2013, we adopt the name BankVic, with the shield and stars logo
connecting us to our Police heritage and our five member bonds.

We establish partnerships with Northern Heath, Western Health, the Mercy and St
Vincent’s hospitals.

Denis Napthine is new Victorian Premier, Tony Abbott new PM



2014

BankVic mobile app is launched.

We introduce the ability for members to change their Visa-card pins through
internet banking.

We support the 2014 Police and Emergency Services Games.

Daniel Andrews becomes Premier of Victoria



2015

Glen Waverley & City West branch opens its doors.

We move from Carlton to new offices in Spring Street in Melbourne’s CBD.

Stephen Capello is appointed CEO.

Malcolm Turnbull becomes Prime Minister



2016

We introduce eStatements, to reduce our environmental footprint and save an
initial 697 trees.

Membership reaches 100,000

Assets reach $1.5 billion.


2018

Immediate payment service ‘Osko’ is introduced.

Anthony De Fazio is appointed CEO.

Scott Morrison becomes Prime Minister



2019

Apple Pay & Google Pay are introduced.

A TPAV Qantas Credit Card is launched.

Assets reach $2 billion.

Bushfires ravage many parts of Australia



2020

The global coronavirus pandemic sees us, like most businesses, move to remote
and hybrid working through various lockdowns.

Our remote contact centre was up and running within 24 hours, with staff
continuing to support our members from home.

We set a target of reaching as many police stations in Victoria as we can under
the circumstances, and get to 95% around the state.

BankVic becomes a certified B Corp in November.

A new branch opens at VPC in December.

A VAU Qantas credit card is launched.

Community partnerships reach $3.1 million.




2021

Launched special edition visa debit card.

Assets reach $2.6 billion.

We establish a partnership with Crime Stoppers.

Community partnerships reach $3.5 million.


2023

Head office relocates to 505 Little Collins Street in Melbourne’s CBD.

Assets reach $3 billion.

Community partnerships reach $4.7 million.

Jacinta Allan becomes Premier of Victoria






2024

We celebrate our 50th Anniversary and reflect on five decades of being the bank
for police, emergency and health workers.


Please rotate your device to portrait mode for a better viewing experience.
© 2024 Police Financial Services Limited ABN 33 087 651 661 - trading as BankVic
| AFSL and Australian Credit Licence 240293.