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Credit Union SA was formed in 2009 when Powerstate Credit Union and Satisfac Credit Union merged. Through their combined history, we have been actively supporting the local community for over 60 years and we are thrilled to support SA Power Networks employees and their subsidiaries through our Workplace Banking package.

How does Credit Union SA support SA Power Networks employees and their families?

  1. Simply take out an eligible home loan, car loan or personal loan.
  2. Select SA Power Networks as your workplace partner.
  3. If eligible, you receive a cashback offer on our home loans or a discount on your application fee for personal loans and car loans, on top of our standard competitive rates!
  4. Plus, when you take out a personal loan or car loan, we will also make a once-off donation on your behalf to the SA Power Networks' Employee Foundation, as shown in adjacent table.
Product Type and Value
Special offer
for you
Donation to the SA Power Networks' Employee Foundation*
Personal Loan / Car Loan above $5,000
$0 application fee,
save $395
$100
Home Loan above $300,000
$2,000 cashback
$0
No annual fee
N/A

Get more with our $2,000 Cashback Home Loan Offer

Looking for some cold hard cash in your pocket? Find out if our $2,000 Cashback is the best option for you.
This is exclusive to SA Power Networks and its subsidiary companies' employees, and our Education Community Members.

To be eligible for the Cashback, you must be:

  • Purchasing a property or properties, or refinancing your property or properties from another financial institution
  • Borrowing a minimum of $300,000 per property (new borrowings)
  • Borrowing with a loan to value ratio (LVR) of 80% or less
  • Applying for an Owner Occupied Principal and Interest home loan for the purpose of refinancing or purchasing a property
  • A current employee of SA Power Networks or a subsidiary company

Funds to be paid at settlement of loan. Limited to one cashback per household.

Featured Products

Product NameInterest RateComparison rate
Variable Home Loan Package ≤70% Special Offer - Principal & Interest - Owner Occupied☉︎§︎6.04% p.a.6.41% p.a.
Variable Home Loan Package Special Offer - Principal & Interest - Owner Occupied#^☉︎6.14% p.a.6.51% p.a.
Fixed Rate Package - 3 Year - Principal & Interest - Owner Occupiedµ︎^☉︎5.99% p.a.6.61% p.a.

Looking for a different product or rate? Check out our full list of available products here.


We're here to help

3 easy ways you can join Workplace Banking
for SA Power Networks:

  1. Open any Credit Union SA account or apply online for a lending product, selecting SA Power Networks as your workplace.
  2. Reach out to Michelle Aalbersberg, Home Lending Manager on 0408 818 579 or maalbersberg@creditunionsa.com.au.
  3. Visit or call us at 400 King William St, Adelaide.

It’s a win-win! You’ll get the benefits of our competitive rates, products and cashbacks whilst supporting your Employee Foundation's community partners as they help South Australians Thrive.

Frequently asked questions
View all Community FAQs

The cashback offer is limited to Owner Occupied Principal and Interest refinances and purchases only.

Construction and Bridging Loans are not eligible to receive the cashback offer.

A subsidiary company is owned by the same company as SA Power Networks. A subsidiary company employee of SA Power Networks can receive a cashback if they meet the eligibility criteria.

No, we won't be sharing any of your personal information with the Workplace connected to our program.

No, there are no fees for joining the program.

We’re a Credit Union, which means we offer all the same services as a bank but with one very important difference - our highest priorities are our members and community.


Meet your community representatives
avatar

Michelle Aalbersberg

Home Lending Manager

With 34 years' experience in the financial services industry within Australia, Michelle can assist you with all your financial needs. Michelle is a specialist in investment home lending, refinances and purchasing a new home, particularly for first home buyers and those needing a family guarantee.

Submit your enquiry

Please get in touch via Secure Mail in your Internet Banking

We're here to help

Contact us

You can contact us by calling us, visiting or making an appointment

INFORMATION YOU SHOULD KNOW

Lending criteria, fees and conditions apply and are available upon request.

The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination

Not available on bridging or construction loans. Interest rates are subject to change. This offer may be withdrawn at any time. These offers are available to any employee at any of the companies listed on this page.

☉︎

Conditions, fees and lending criteria apply and are available on request. Comparison rates are based on a $150,000 secured loan for 25 years. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

§︎

The Variable Home Loan Package <= 70% Special offer requires minimum new borrowings of $150,000 or more where the loan to value ratio is 70% or less. Annual package fee of $395 applies.

#

The Variable Home Loan Package Special offers require minimum new borrowings of $150,000 or more where the loan to value ratio is 80% or less. Annual package fee of $395 applies.

^

Available for Family Home Guarantee (FHG) and First Home Guarantee (FHBG) participants who meet the scheme eligibility requirements of Housing Australia Scheme Loans. Interest Only only available for construction, after your construction period your loan will revert to principal and interest.

µ︎

Available where the loan to value ratio is 97% or less, including capitalised LMI. For package loans, minimum loan amount of $150,000 and an annual package fee of $395 applies.