Company Information

Get to know People's Choice Credit Union

People First Bank is Australia's largest mutual bank, formed in March 2023 through the merger of People's Choice Credit Union and Heritage Bank. As a member-owned institution, it operates for the benefit of its customers rather than shareholders, reinvesting profits to provide better products and services. With a history tracing back to 1875, the bank provides a comprehensive range of financial solutions, including everyday banking, home and personal loans, credit cards, insurance, and financial planning, serving communities across Australia.

Industry

Financial BankingPRIMARY
Financial Other Service

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People's Choice Credit Union

Australia

Founded in

1949 (77 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.