Encompass Credit Union was formerly known as Transrail Credit Union and changed it's name on 15 December 1997 to Encompass Credit Union Limited. Encompass is a member-owned co-operative serving the needs of its members and their families. It has been operating since 1953 providing service to its members and offering a wide range of financial services including savings accounts, lending products and insurance.
Encompass Credit Union believes in:
- Strong membership support in both the city and the country
- Prudential standards above the industry average and statutory requirements
- Belief in providing services to meet the members' demands
- Management and staff that put the pursuit of excellence in service to members as its first and continous priority
These qualities are reflected in our history and background:
- Both organisations were started by a few people with tremendous tenacity and the desire to assist their fellow workmates achieve financial independence
- Both had the same goal, to meet the needs of the total workforce of each organisation
- Both had a vision to ensure that the dignity of each member was upheld in the provision of financial services
Transport Credit Union History
1953 Began as Motor Transport Savings and Loan
1959 Name changed to Motor Transport Employees' Credit Union
1960 First paid full-time employee
1979 Change to Transport Employees' Credit Union
1982 Welcome and Coopers Credit Union transfer of engagements
1984 Government Transport Credit Union transfer of engagements
1985 Name change to Transport Credit Union
1986 Chullora Omnibus Employees' Credit Union transfer of engagements
1988 Kingsgrove Bus Depot Employees' Credit Union transfer of engagements
1991 Transfer of engagements to Railways Staff Credit Union
Railways Staff Credit Union History
1966 Opening for business after five years in development
1968 First office opened and first paid full-time employee, Tom Kelly
1970 Pitt Street (470) service centre opened as Administration and Service Centre
1971 RSCU Retirement Plan began
1972 In-house computer installed
1980 Chullora and Newcastle Service Centres opened
1984 Clyde Service Centre opened
1985 Wynyard Service Centre opened
1986 Cardiff Service Centre opened, the first country agency opened
1989 Broadmeadow Service Centre opened
1991 Transport Credit Union transfer of engagements, name change to Transrail Credit Union
Transrail Credit Union History
1997 Ryde Ominbus Depot Employees' Credit Union transfer of engagements
On 15 December 1997, Transrail changed its name to Encompass Credit Union to reflect a move to open its bond to the general community.
Encompass Credit Union
1998 Transfer of engagements of Raleigh Park Employees' Credit Union
2000 Transfer of engagements of Waverley Bus Depot Employees' Credit Union
Questions
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