About Us
Satisfac Direct Credit Union, the Teachers' Credit Union, was first established as a financial co-operative called SATISFACS, or South Australian Teachers Institute Savings Finance and Co-operative Society, by a number of South Australian teachers in July 1958. We have come a long way since then.
In October 2009 Satisfac merged with Powerstate Credit Union to form Credit Union SA Ltd.
Satisfac is building one of the strongest, most progressive credit unions in South Australia with a membership that grows from within the educational system and the surrounding community.
Satisfac - a different kind of banking
Satisfac illustrates it's banking difference through the ongoing development of a unique blend of services, products and customer service.
In offering 'a better kind of banking' Satisfac believes members benefit through:
- Affordability - access to affordable and competitive financial services
- Control - assistance which helps the achievement of financial goals
- Wellbeing - improving social and economic wellbeing
Satisfac strives to be:
- Trustworty & Reliable,
- Friendly & Approachable,
- Innovative,
- Cooperative,
- Fair and Equitable.
How are your funds managed?
Members deposits are predominately used to provide loans to other Satisfac members, over 80% of which are mortgage secured.......read more
Learn more about Satisfac through the links opposite.
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