Member-owned banks are regulated by the same government 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. Member-owned banks, publicly-listed banks and building societies must all comply with the same set of APRA rules (known as Prudential Standards). We comply with all Prudential Standards and are in a strong and stable financial position.
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