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Celebrating 40 years

This year at FCCS we celebrate our 40th birthday.


On September 8th 1974 the Ford Employees (Geelong) Credit Union Co-operative Limited held a formation meeting with 80 members joining and on September 12th 1974 the Credit Union was officially incorporated.  By February that figure had climbed to 500, our assets exceeded $50,000 and our 100th loan had been granted. What a milestone!


During 1984 we merged with the then Ford Broadmeadows Employee Credit Union and a branch was opened in the Sydney plant of the Ford Motor Company in the following year.  In 1990 we merged with Commercial Credit Co-Operative Ltd thus allowing our membership to no longer be restricted to Ford employees and their families.


Today 90% of our members and our total deposit funds are held by members from the local and wider community. We are extremely proud to have served you for the last 40 years. For your continued support through the great and tough times alike, we would simply like to say - thank you.

FCCS over the years...

Explore the history of FCCS by clicking on one of the decades below.

 

  FCCS 1974 - 1983

1974

FCCS 1974 directors Neil Lister

 

  • September, formation of the then Ford Employees (Geelong) Credit Union
  • First branch opened at Ford Motor Company (Geelong) Stamping Plant Canteen
  • Chairman - Neil Lister
  • Fixed Term Deposits earned 9%
  • First loan granted November 18
  • Maximum loan amount granted $3,000

1975

 

  • Assets exceed $50,000
  • First business computer purchased
  • 100th loan granted

1976

  • Introduction of a Christmas Club Savings Account
  • Fixed Term Deposits earned 10%
  • Agencies were opened within the Ford plant

1977

  • We became a member of the VCCA Housing Fund so members could qualify for housing loans up to $30,000.

1978

Geelong Branch

 

  • Opening of Geelong Branch in Yarra Street, Geelong.
  • Assets in excess of $2 million
  • Bond extended to include spouses and children of Ford employees

1979

  • Purchase of an in-house computer system and high speed printer.
  • A taxation return preparation service introduced for members.

1980

  • Agencies opened Corio Village and Belmont.

1981

Noel Miller

 

  • Chairman - Noel Miller
  • Loans to members totalled $18 million since inception

1982

  • Introduction of Retirement and Investment Counselling and Retiree Investment options

1983

Head Office

 

  • Partial deregulation has resulted in more competitiveness
  • Auto pay by month insurance
  • Head Office relocated to 68 Myers Street, Geelong
  FCCS 1984 - 1993

1984

New logo

 

  • Sydney branch opened at Ford Motor Company, Homebush
  • Introduced Travellers' Cheques, telephone bill pay service
  • Merger with Ford Employees (Broadmeadows) Credit Union
  • New logo launched

1985

  • Introduced member cheque accounts, Visa Credit Card

1986

Term Deposit

 

  • Introduced RediCard

1987

  • Two ATMs purchased

1988

Kym Murphy

 

  • Chairman - Kym Murphy
  • FCCS assets grew to $19.6 million

1989

  • Broadmeadows Office moved from Barry Road to in-plant at Ford Motor Company

1990

Directors

 

  • Planning Day - Board & Executive Management - Merger with Commercial Credit Co-Operative (following the collapse of Pyramid Building Society)
  • Official name change to "Ford Co-Operative Credit Society Limited" trading as FCCS Credit Union

1991

Office Opening

 

  • Official Opening of new head office at 107 Gheringhap Street, Geelong by Jack Pattinson, CEO of CCRB - Prudential Regulator

1992

Sketch

 

  • Assets have increased to $46 million
  • New competitive Home Loan introduced
  • AFIC replaces CCRB as new prudential regulator

1993

  • Financial Institutions Code introduced to regulate Credit Unions and Building Societies in all states of Australia
  FCCS 1994 - 2003

1994

Office

 

  • Passport printers introduced
  • Closure of the Homebush Assembly Plant of Ford Motor Company NSW saw our branch move to Auburn RSL in Sydney

1995

  • The Board makes the commitment to improve technology, productivity and profitability
  • Credit Union's required to pay income tax on their operating profit for the first time

1996

  • Our members embrace electronic banking with a 23.9% increase in electronic transactions

1997

David Burke

 

  • Chairman - David Burke
  • Phone system upgraded to allow for the introduction of telephone banking

1998

  • A single prudential regulator for all deposit taking institutions announced - APRA

1999

  • FCCS 25th Anniversary

2000

  • GST introduced

2001

Internet Banking

 

  • Introduction of Internet Banking

2002

  • Introduction of the Australian Financial Services Licence

2003

Flyer

 

  • Total loans have reached $44 million
  FCCS 2004 - 2014 and beyond

2004

  • Financial Services Licence obtained

2005

  • Credit Union's first website launched
  • First online saving account introduced

2006

  • Total deposits reached $70.2 million

2007

  • FCCS rated 16th out of 141 Credit Unions by Money Magazine

2008

Super

 

  • Total assets $85.6 million
  • Superfund Maximiser Account launched

2009

New Website

 

  • Global Financial Crisis
  • New website launched

2010

 

  • ATM network expanded to over 3,000 with NAB joining the rediATM scheme
  • Introduced banklink

2011

 

  • Introduced Bonus Saver Account

2012

 

  • Loan funding for the year reached $24.3 million

2013

New brand

 

  • FCCS refreshed our brand - "banking for U"

2014

Dominic Raimondo

 

  • Chairman - Dominic Raimondo
  • Mobile Banking launched
  • Total assets $124 million

 

We have come a long way in 40 years.
 

In 1974 our basic philosophy was to attend to the financial well-being of our members. The same principle applies today. We will continue to provide friendly, caring service combined with strength and security for peace of mind. Our first ever Chairman’s report by Neil Lister was signed off with this statement: “Remember – it’s where you belong”.  Our current Chairman Dominic Raimondo has signed off our 40th Annual Report with "Let's be grateful for where we have come from and confident with where we are going".
 

Thank you for your continued support.

Celebrating 40 years of memories

Questions?

If you have any questions, please contact us Enquire now