The strength and financial security of Queensland Country Bank is derived from our diverse asset base.
At any time, around 90% of savings deposited with us are loaned back to our Members through personal, home and investment loans. Our spare funds are invested conservatively, mainly in deposits with large regulated Australian financial institutions. We don't invest in the stock market or overseas.
We are governed by the same regulator as the major banks – the Australian Prudential Regulation Authority (APRA). APRA’s supervision is designed to minimise the chance that a financial institution will be unable to meet its obligations to depositors. Credit unions, banks and building societies must all comply with the same set of APRA rules (known as Prudential Standards).
Our Members' deposits are also guaranteed by the Australian Government through the Financial Claims Scheme.
Furthermore, we subscribe to the ePayments Code which regulates consumer electronic payment transactions, including ATM, EFTPOS and credit card transactions, online payments, internet and mobile banking, and BPAY®.