Gender Pay Gap Employer Statement

24 Apr 2024

| Media Release

At Credit Union SA, we acknowledge and embrace our individual differences and the unique blend of experiences people bring to our workforce. We’re proactively focusing on creating a workplace that provides people of all backgrounds and circumstances the support they need to thrive and grow.

For Credit Union SA, it all starts with an inclusive leadership team that is empathetic, values led and representative of their staff and members. Currently over 53% of leadership roles across the organisation are held by women, including a predominately female executive team.

We are committed to closing the gender pay gap and incorporate this focus in all decisions relating to recruitment, talent management and succession planning.

Credit Union SA have been on a journey to reduce our median total remuneration gender pay gap and whilst still on the journey we have taken the gap from 19.8% in 2020-2021 to 11.1% in 2022-2023, and we are encouraged by the positive reduction. The most recent results being a further reduction of 2% and our improvement placed us 19.6% lower than the banking industry average. Our representation of women across each quartile of our workforce is also better than the banking industry average.

In support of our efforts towards gender equity, Credit Union SA already has in place:

  • Targets for women leadership roles
  • Diverse representation in our recruitment and selection
  • A transparent remuneration policy
  • Career and development planning
  • Internal and external professional development
  • Leadership development
  • Flexible work arrangements
  • Structured support for work-life balance
  • Well-being support
  • An Employee Assistance Program
  • Equal paid parental leave
  • Family and domestic violence leave (20 days)
  • Additional leave of 5 days (Thrive Days and Birthday Leave)
  • Talent and Succession Planning
  • Corporate membership with Diversity Council Australia
  • We’re Equal Commitment - Commissioner of Equal Opportunity

At Credit Union SA, we encourage people to share their distinctive skills and knowledge, and empower them to feel a sense of belonging, fully participate and succeed in our workplace. We believe that embracing this diversity and inclusivity strengthens our organisation and enables us to deliver a greater experience for our Members.

We treat people with dignity, respect, understanding and care to create an inclusive culture. We are focused on giving our people freedom to grow their career in banking and the flexibility to manage life to thrive in South Australia.

We are committed to ensuring that all people seeking employment, as well as our current employees, are treated fairly and equitably, and are not subjected to any form of unlawful discrimination or harassment.

Credit Union SA is compliant with the Workplace Gender Equality Act 2012 (Act) for the 2022-23 reporting period. 

For more information about Credit Union SA’s gender pay gap and gender composition please refer to The Workplace Gender Equality Agency, an Australian Government statutory agency created by the Workplace Gender Equality Act 2012 - www.wgea.gov.au.

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