Community CPS was formed in 2006 as a result of a merger between CPS Credit Union in South Australia and CPS Credit Union Co-operative in the ACT. The company continued to grow when Community CPS merged again with United Credit Union in Western Australia in 2008, and Companion Credit Union in NSW in 2010. As a result, Community CPS is one of the largest and most influential credit unions in Australia, with over 185,000 members. With 48 branches and an estimated 500 employees across New South Wales, South Australia, ACT, and Western Australia, Community CPS offers a range of financial products for all Australians.

Community CPS is owned entirely by its members, and pours profits into providing more services and advantages to their customer base. Savings passed on to customers include no account keeping fees, low transaction fees, enhanced member services such as telephone and internet banking, and access to ATM's all over Australia. As a result, Community CPS has all the benefits of a major bank, with the added bonus of returning any profits to member services. Anyone is able to become a member of Community CPS by visiting a branch and providing identification.

Community CPS provides a variety of financial services, including savings and business accounts, loans, insurance, and credit cards. Customers can choose between two types of credit cards, a Low Rate MasterCard and a Rewards MasterCard. The Community CPS Low Rate MasterCard offers customers a card with lots of value and benefits in addition to a low annual fee, while the Rewards Card allows you to hold on to all your rewards points until you close the account.

With Community CPS, you can choose a card with great features and benefits that suits your needs, without going to one of the major banks.