Defence Bank commenced operations in March 1975 as Defence Force Credit Union Limited (Defcredit) before changing its name to Defence Bank in 2012. Its original charter was to assist Australian Defence Force personnel manage their money at a cost that is fair and equitable.
Unlike many other financial institutions, Defence Bank doesn’t exist to make profits for shareholders. We’re here to focus on your financial needs, rather than being driven to make profits for shareholders. We re-invest our profits back into the bank to make sure we give you the service and competitive products you deserve.
Today, Defence Bank offers financial products and services to not only the Defence Force, but the broader community as well. With more than 85,000 members and more than $1.3 billion in assets under management, Defence Bank is one of Australia’s larger member-owned banks.
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