Our Rich History

QBANK is a Member Owned organisation that has been privileged to provide financial assistance and wellbeing to our members and their families since 1964. As one of the only dedicated providers of banking products and financial services to the Queensland Police and Emergency Services sector, our commitment is, and will always remain, to serve those who serve Queensland.


 

2020

We were appointed by the National Housing Finance and Investment Corporation (NHFIC) to the First Home Loan Deposit Scheme Panel allowing us to assist even more of our Members to get into the property market.

 

2019

QBANK was recognised as an Employer of Choice in The Australian Business Awards 2019. This award acknowledges businesses that have established policies and practices that demonstrate excellent employee recruitment, engagement and retention.

 

2018

QBANK were one of the first banks to go live with New Payments Platform (NPP) which provided our Members with smarter and fasters payments.

We were awarded “Best Mutual Bank” at the Australian Lending Awards recognising our commitment to understanding our Members' needs and creating a positive Member experience.

 

2016

QPCU converted from a credit union to a Member Owned bank and commenced trading under the name QBANK. 

 

2015

QPCU changed its company name to QPCU Limited at the 2015 AGM.

 


2014

QPCU celebrated 50 years of serving Members.

The Annual Everyday Heroes Awards was established enabling QBANK to publicly recognise emergency and public service personnel who go above and beyond for the communities they serve.

Cupcakes

 

2011

Workplace ATMs were deployed at Zillmere and Cairns.

 

2010

Mobile banking was introduced allowing Members web access via mobile phones to complete their banking anywhere, anytime.
Extensive refurbishment was completed at North Quay Head Office, incorporating modern facilities for Member convenience and comfort.

 

2009

Term Deposits were introduced via online banking – a first for any Australian credit union.


2004

QPCU celebrated 40 years of community dedicated banking. Our history was documented in a Book titled "The History of QPCU 1964 - 2004" by Greg Early, a previous QPCU Director, Chairman of the Board and valued long standing Member.


1998

We opened our Kedron Branch and ATM within the newly relocated Queensland Emergency Services facility at Kedron.

 

1987

QPCU moved to our current head office premises at 231 North Quay, Brisbane.

 

1984

QPCU celebrated its 20th anniversary.

 

1980

QPCU opened a branch at the Oxley Queensland Police Academy to provide further support and services at a convenient location.

 

1979

QPCU opened Membership to include Fire, Emergency Services and other persons engaged in an occupation principally concerned with the administration of justice and the protection of life and property.  

 

1978

QPCU’s first ATM installation was authorised.

 

1974

QPCU moved to its first home on the city side of the Brisbane River:

Bontoft House, at 266 Roma Street.

Brisbane

 

1970

A computerised accounting system was introduced.

 


1965

The first Annual General Meeting was held with Director appointments confirmed. 

The first Annual Report recorded 274 Members with approximately $47,878 in deposits and $55,182 in outstanding loans.


 

1964

In 1964, QPCU commenced business out of the Queensland Police Union building at 269 Main Street, Kangaroo Point with the first board meeting held on 2 June.

The first official Rules of QPCU were published and sent to all members in 1964.

In 1964, Nives Sawdy (nee Caotanzo) was hired as the first employee of QPCU, starting work as a bookkeeper with a wage of £7. 17s. 9. per week, which now equates to approximately $19 per week.

Nives Sawdy

 

1960's

John Huey published an article in the January 1964 issue of the Queensland Police Journal, calling for interest in the formation of a credit union.

Paper

 

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