Police Credit Union earns back-to-back Mozo Award wins for Green Personal loan and Car loan products

Police Credit Union has strengthened its reputation as a leading local lender by winning back-to-back victories in the Mozo Expert Choice Awards for its Green Personal Loan and Car loan products.

Police Credit Union CEO, Costa Anastasiou, said achieving product category wins in the 2019 and 2020 Mozo Awards reinforced that the Solar Eco Loan and Fixed Rate Car Loan options remain the best on the market.

“Our Green Personal Loan is special as it provides eco-conscious customers with low rates and fees. Our Solar Eco Loan, in particular, has been developed to help people reduce their energy costs by taking advantage of a Variable Rate Personal Loan to help purchase and install solar panels, home battery systems and solar water heaters,” Mr Anastasiou said.

“More people want to harness renewable energy options to help reduce their environmental footprint and deliver lower energy costs. Our Solar Eco Loan delivers on that demand by offering a low interest rate and a loan term of up to 7 years without any ongoing fees or penalty if they want to pay off the loan early,” he said.

“We are also thrilled to see our Fixed Rate Car Loan recognised again for the third year as the best on offer for its low competitive rate amongst 89 different personal loans. Buying a car is one of the biggest purchase decisions most of us ever make, by offering a competitive interest rate, no application or ongoing fees and an ability to pay the loan off early, we hope that people can invest in a more modern, reliable and affordable car right now to suit their lifestyle or needs.”

It is anticipated that the back-to-back Mozo Award victories by Police Credit Union will encourage more people to put their trust into a local credit union as a viable alternative to the big banks.

“While banks are focussed on delivering profits to shareholders, being member-based allows us to reinvest into developing better products and services, exemplary customer service, and the opportunity to give back by supporting a range of important community initiatives,” Mr Anastasiou said.

“In addition to offering great service and knowledgeable staff, one of our major competitive points of difference when it comes to our car loan products is our ability to offer far lower rates compared to the bigger banks – especially given that our Better Fixed Car Loan is at our lowest-ever fixed rate at 4.69%p.a with a Comparison Rate of 4.96%p.a.”

The category wins follow the release of Police Credit Union’s annual performance results, which saw the local lender deliver a strong result despite the nation’s economic uncertainty. Standout aspects included another near-record Member Satisfaction Rating of 92.9%, as well as total assets growing to $1.174 billion and a profit after tax result of $5.2 million.

The annual Mozo Experts Choice Awards recognise the top 10% of the market that deliver unmistakable and exceptional value to consumers.

Find out more about PCU’s Solar Eco Loan here.

More information about a Fixed Rate Car loan can be found here.

###

About Police Credit Union

Formed in 1970, Police Credit Union is proudly South Australian based and headquartered, boasting a 92.9% Member Satisfaction score, an employee engagement score of 92.6%, total assets exceeding $1.174billion, and delivering Better Banking services to over 40,000 customers. As the most recognised credit union brand in South Australia, Police Credit Union is firmly committed to building enhanced capability in the delivery of both traditional face to face branch banking and local call centres, and innovative, convenient and secure digital architecture. Supporting better communities and reducing our environmental impact represents an intrinsic pillar of PCU’s corporate strategy. A strong sense of corporate social responsibility spans initiatives both large and small, including a long-standing partnership with the Police Association of South Australia, Major Sponsorship of Crime Stoppers SA, the CFS Foundation and Adelaide Football League, and a 23-year commitment in bringing the Credit Union Christmas Pageant to the streets of Adelaide, representing but a few examples of the organisation’s community investment over its 50 year history. Police Credit Union has helped thousands of South Australians and Territorians achieve their financial goals and aspirations, with competitive and high value Better Banking products and services. The multi award-winning, values-driven, Member-owned organisation offers a full suite of market leading loan and investment products, 24-7 Online, Mobile and App banking, Fast Payments, Apple Pay, Google Pay, and Samsung Pay, and branches across SA and NT. 1300 131 844 I policecu.com.au

Disclaimer: Police Credit Union Ltd ABN 30 087 651 205 AFSL/Australian Credit Licence 238991. Terms, conditions, fees, charges and lending criteria apply. Full details upon request. Interest rate current as at 12/11/2020 and subject to change. Comparison rate is based on a secured $30,000 loan over 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rate applies to a minimum of $20,000. Apple Pay: Apple, the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Google Pay: Android, Google Pay, and the Google Logo are trademarks of Google LLC. Samsung Pay: Samsung Pay is a trademark or registered trademark of Samsung Electronics Co., Ltd.