Victoria Teachers Credit Union was established in 1972 with fewer than 50 members and a start up capital of under $500. Since then, the credit union has grown to a hefty 84,000 members with over $1 billion in assets. As the name suggests, Victoria Teachers Credit Union was founded by a group of people who worked in the education industry. Their aim was to create better economic opportunities for people working in education, as well as for their own families, by providing superior service, a fair deal and a strong, secure organisation that would put its members first.

Victoria Teachers Credit Union is an Authorised Deposit-taking Institution, protected and regulated by the same safeguards that apply to all banks and financial institutions. Members are both customers and shareholders meaning profits are reinvested into the organisation with the purpose of strengthening the Credit Union and returning value to members.

Anyone is welcome to join this Credit Union and benefits include having a say in electing who is on the Board of Directors. Each individual member holds one share and is entitled to one vote. Members also have the opportunity to stand for election, meaning they all have an equal chance to have their say and influence policies.

The Victoria Teachers Credit Union offers one credit card for its members. The Visa Credit Card has a competitive interest rate, no annual fee and a competitive number of interest-free days. This credit card gives cardholders access to their funds in Australia and worldwide through EFTPOS terminals, ATMs, over the phone or internet, BPay and in person. With 24/7 access, easy repayments and the option of a balance transfer, this credit card makes the Victoria Teachers Credit Union an attractive option for every day spenders.