THE business started by banana growers of Macksville in the early seventies, is now one of the leading credit unions in the country and has recently been awarded Money Magazine's Credit Union of the Year for 2016.
Runner up in 2015, bcu has risen to top spot this year in Money's prestigious Credit Union of the Year category.
bcu's Chief Executive, Lyndon Kingston, describes the win as a huge honour.
"There are some great financial institutions in the running for this award offering some fantastic products, and for bcu to top the list is a testament to bcu's staff," he said.
"We are proud of all of our products and services as we believe they offer value, which is what we strive to achieve for our customers. This award helps support our commitment to providing trusted banking to customers at every stage of their life."
Mitchell Watson, group manager, research and ratings at Canstar said, "This outcome for bcu is recognition of consistently delivering relevant products with fair fees to their customers."
Watson believes the product line that stands out for bcu is its home loans. "It is currently advertising extremely competitive rates for its one, three and five year fixed loans," he says.
According to Watson, bcu also has a great rewards credit card. "The Rewarder offers one of the simplest credit card rewards programs in the market. The interest rate of 16.8%pa on purchases and cash advances is far below that of its competitors."
James Stanmore, sore supervisor from bcu's Grafton branch said, "We were thrilled to receive the Money Magazine award. It gives our customers the assurance that they are banking with a brand they can trust. Our aim is to continue to attract more customers to take advantage of our great value products."
Kingston said that while bcu can't be the best in every product, "we strive to offer genuine value across all of our products and across a customer's life with bcu, as opposed to offering value in one product only, or for a short period of time."
From its humble beginnings almost 45 years ago, servicing the banana growers and dairy farmers of the mid north coast, bcu has now expanded to 23 stores from the Sunshine Coast to Port Macquarie.