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SA Power Networks Banking Benefits

We’re a strong believer in supporting local organisations and associations that help make South Australia great.

Credit Union SA was formed by the merger of Powerstate – the old ETSA workers credit union – and Satisfac back in 2009. As a customer owned banking organisation, we are not driven by the need to return dividends to shareholders. Instead we channel the profits we generate back to our membership and broader community.

That’s why, as an SA Power Networks employee, you get to enjoy exclusive banking benefits from us, while also feeling good knowing you’re banking with an organisation that gives back to your local community. It’s win-win!

Want to know more?

Talk to one of our friendly Mobile Lending Managers, apply online or submit an enquiry form and we’ll get in touch when it suits you.

It’s your home loan... do it your way!

We know you want to do things your way, that’s why we’re giving you the choice between a great cashback1 or a reduced rate2 when you take out an eligible home loan with us.

It can be for a new home, an investment property, a block of land or if you’re switching from somewhere else, the cashback or reduced rate could be all yours!

PLUS, as a current SA Power Networks employee you will also get a $500 bonus cashback* whichever option you choose! And we’ll donate another $200^ to the SA Power Networks Employee Foundation. That’s win-win…win!

 

You won’t be charged application fees when you take out one of our low-rate Car Loan or Personal Loans. Plus, we’ll donate $100 to the SA Power Networks Employee Foundation.³

Enjoy no annual fee and a 0% pa introductory interest rate for the first six months on purchases, balance transfers and cash advances⁴. After six months you’ll have one of Australia’s lowest ongoing interest rates of 9.99% pa. On top of all that, you’ll also receive priority loan processing – with all SA Power Network employee loan and card applications receiving approval within five business days.

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

Offers are limited and may be withdrawn or altered at any time without notice. Interest rates are subject to change.

1 Cashback offer available on eligible loans with minimum new borrowings of $250,000 where the LVR is 80% or less. Funds available at settlement, except in the case of construction loans where cashback will be paid on confirmation that the foundation has been poured. Limit of one cashback per household. Not available on fixed rate special offers and bridging loans.

2 Offer available on new loans with minimum new borrowings of $150,000 where the LVR is 80% or less and no cashback is taken. Not available on fixed rate special offers and bridging loans.

* $500 cashback is paid in addition to the selected special offer. Funds available at settlement, except in the case of construction loans where cashback will be paid on confirmation that the foundation has been poured. Limit of one cashback per household.

^$200 will be deposited to the SA Power Networks Employee Foundation for every settlement to an eligible SA Power Networks employee.

All Offers are subject to change and may be withdrawn at any time. 

3 Workplace Banking Benefits are available to any employee currently working at SA Power Networks. Offers and benefits valid as at 27/11/2020, subject to change and may be withdrawn at any time without advanced notice. Lending criteria, fees and conditions apply and are available upon request.

We do not charge any fees when using ATMs within Australia. However, some ATM operators may charge a fee to process your transaction or balance enquiry. If withdrawing cash overseas a fee may be charged by the ATM operator and the details will be disclosed at the time of the transaction or enquiry. Other fees and charges may apply.

This is general advice only and you should consider the terms and conditions before determining whether any of our products are suitable to your situation.

Credit Union SA Ltd ABN 36 087 651 232 AFSL/Australian Credit Licence Number 241066