Our History

Our History

Railways Credit Union was established in 1968 to help railway workers and their families build stable financial futures and achieve their goals. Since then we’ve been dedicated to providing our members with high quality, competitive financial products and exceptional service.

In March 2016 we became MOVE People Driven Banking, to reflect our commitment to serving the broader transport and logistics industry at a national level. This change allowed us to continue to build on our past success and to develop valuable new transport industry alliances.

Becoming MOVE Bank

On 7 May 2018 we made the exciting transition to MOVE Bank. This change came about in response to legislative changes that removed previous restrictions on the use of the word bank. 

The change provided us with an unprecedented opportunity to tell people clearly and simply what we do - which is provide quality, competitive banking products and services to members of the rail, transport and logistics industries and their families.

Committed to mutuality

While our name may have changed, our commitment to mutuality remains as strong as ever. MOVE Bank is 100% customer-owned, and is committed to putting the needs of members first in everything we do.

Currently, MOVE Bank serves the financial needs of almost 22,000 members, with more than $600 million in assets under management.

As an approved deposit-taking institution (ADI)  MOVE Bank is covered by the Financial Claims Scheme. This means that deposits held with MOVE Bank are guaranteed by the Government up to $250,000 per depositor. More information about the FCS is available on our website on the Government Guarantee page.

The History of MOVE Bank