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Community Mutual Group

Australia

Founded in

1969 (57 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Company Information

Get to know Community Mutual Group

Company Information

Get to know Community Mutual Group

Community Mutual Group (CMG) was a financial mutual that served communities in the New England and Hunter regions of New South Wales, Australia. It was formed through the earlier merger of Hunter Mutual Group and Orana Credit Union. As a member-owned institution, its mission was to provide competitive financial products and services while reinvesting profits back into the community and for the benefit of its members. In 2016, Community Mutual Group merged with New England Credit Union (NECU) to create a larger, more robust mutual entity known as Regional Australia Bank, which continues the member-owned ethos and community focus.

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