In 1965 a group of teachers created Queensland Teachers’ Credit Union, so that they could lend money to other teachers. From this small beginning, our range of financial products and services soon expanded. We developed a reputation for delivering a personal banking service, and our more competitive interest rates attracted all Queenslanders. As a result, our membership expanded beyond teachers and is now made up of Queenslanders from all walks of life and from all corners of our great State.
We’ve enjoyed many proud moments and achievements over the years. Amongst many others, we were the first in Australia to install an ATM in 1977, and in 1988 we were the only credit union to have a display at the World Expo in Brisbane.
2011 saw some of our most dramatic changes, as we became one of Australia’s first mutual banks. As a result, the Queensland Teachers' Credit Union became QT Mutual Bank Limited.
We’ve experienced an exciting evolution, and now are proudly known as RACQ Bank following the successful merger with RACQ. Although our name has now changed again, we’re proud to say that the values and principles we held in 1965 are still those which we stand by today.
AGM and Annual Reports
Annual Reports, Annual Reviews and Minutes from Annual General Meetings.
The RACQ Bank Board is committed to ensuring effective governance practices which reflect accountability, transparency and professional integrity within an inclusive framework.
RACQ Bank’s credit rating information is restricted to viewing by "wholesale clients" only. Please read and agree to the terms below to access RACQ Bank’s credit rating information.
Customer Owned Banking Code of Practice
Working closely with the Customer Owned Banking Association, the governing body of Australian credit unions and building societies, we’ve helped develop the Customer Owned Banking Code of Practice.
Queenslanders looking for a true alternative to shareholder-owned, profit hungry banks, now have an exciting new option with the launch of RACQ Bank.
Annual and quarterly regulatory disclosures