Formerly known as Police Financial Services Limited, or’Police Credit’, BankVic is an Australian member bank established by the police as a credit union in 1974.
Now, BankVic serves the police and other emergency services, health professionals and other civil servants, as well as family and friends.
According to the 2011 police credit report, BankVic has 91,000 members, employs 120 employees, and manages $1 billion (Australia) assets.
On June 1, 2013, the police credit was renamed BankVic. In 2014, BankVic celebrated its 40th anniversary. It is one of the largest mutual banks in Victoria, with assets of over US$1.3 billion and more than 97,000 members.
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