What does TMCU mean in UNIONS
TMCU stands for Transport Mutual Credit Union. It is a financial organization that provides services to members of the transport industry. This includes those employed in the aviation, road freight and passenger transport sectors. It is an entirely mutually-owned co-operative, meaning it is owned by its members, not shareholders. The term ‘mutual’ is used to describe these sorts of organizations because members own and control them together, rather than a single individual or group of people. As such, any profits generated are passed on directly to the members through lower fees or increased benefits.
TMCU meaning in Unions in Community
TMCU mostly used in an acronym Unions in Category Community that means Transport Mutual Credit Union
Shorthand: TMCU,
Full Form: Transport Mutual Credit Union
For more information of "Transport Mutual Credit Union", see the section below.
Essential Questions and Answers on Transport Mutual Credit Union in "COMMUNITY»UNIONS"
What is TMCU?
TMCU stands for Transport Mutual Credit Union. It is a financial institution that provides banking, loan and investment services to its members. It is owned by its members and operates not-for-profit. TMCU offers products and services tailored to the needs of the transport industry and their families.
Are there branches in my area?
Yes, you can find our locations and opening times here on our website. Alternatively, you can call us on 1300 88 22 77 to speak with one of our friendly staff who will be able to answer your questions or direct you to your nearest TMCU branch.
How do I become a member?
To join you must first meet the eligibility criteria outlined on our website. Then complete a membership form either online or at your local branch, providing proof of ID as required under Anti-Money Laundering legislation. Once successfully joined, you'll receive a welcome pack that includes an ATM card allowing you access to any Cashpoint ATM across Australia.
How do I open an account?
You can open an account either online using MyTMCU app or by visiting your local TMCU branch with 2 forms of Identification ready ( Driver’s Licence/Passport). All accounts have no monthly service fee or set up fees attached but we may charge a fee if monthly deposits haven't been met or other conditions are not met as outlined in the terms and conditions booklet provided when opening an account.
Are there overdraft fees?
Overdraft approval is subject to evaluation and verification based on each customer's needs and availability of funds within their account limit determined by creditworthiness at time of application approval. The overdraft facility has associated fees which are outlined on our website and will be discussed prior to approval should this be suitable for your current need.
Is my money safe?
Yes - deposits over $250,000 are covered by the Federal Government’s Financial Claims Scheme ensuring safety of customer deposits up to this limit while those under are safeguarded through stringent internal policies.
What banking products does TMCU offer?
Our range of products include higher interest savings accounts, competitive loan rates, low cost insurance products, retirement investment solutions as well as debit cards linked directly with Visa payWave providing faster payments both confined within Australia as well as International purchases.
Final Words:
TMCU stands for Transport Mutual Credit Union – a financial cooperative founded by Qantas Airways employees in 1955 that now provides services for more than 15,000 members across Australia and New Zealand’s transportation industries. They offer specialized products such as savings accounts, home and car loans as well as online banking services with competitive interest rates and flexible payment options tailored specifically for this sector’s needs. Becoming a member also gives you access to exclusive benefits such as lower fees and increased profits shared amongst all its users - making it an ideal choice for those looking for secure savings solutions that prioritize customer satisfaction.