Cuscal Limited is an Australian company that predominantly provides transactional banking, liquidity and capital management services and products to institutional customers including credit unions, mutual banks and superannuation funds. Cuscal is regulated by the Australian Prudential Regulation Authority (APRA) as an Australian authorised deposit-taking institution (ADI), and by the Australian Securities and Investments Commission (ASIC). It is a member of EFTPOS Payments Australia and the Australian Payments Clearing Association. Cuscal has an A+ credit rating.

Cuscal Limited
IndustryBanking, Financial services
Founded1978 (origins); 1997 (current incorporation)
HeadquartersSydney, Australia
Area served
ProductsTransactional banking services; card processing; liquidity, debt and capital management, corporate advisory
Number of employees

Cuscal was established in 1992 as the Credit Union Services Corporation Limited and became Credit Union Services Corporation (Australia) Limited before changing its name to Cuscal Limited in December 2005.[1] Cuscal replaced the state based credit union bodies, which had been in operation since 1956. Cuscal was incorporated as a Special Service Provider (SSP) under the financial institutions scheme, and assumed a role of providing liquidity and balance sheet support, in addition to aggregated access to money markets, to the mutual banking industry through its treasury function.

In 1994, Cuscal released the Credit Union Code of Practice. Until the Credit Union Industry Association (CUIA) and the Australia Association of Permanent Building Societies (AAPBS) merged to form a new joint industry association in 2006, the Association of Building Societies and Credit Unions (Abacus – Australian Mutuals) now the Customer Owned Banking Association (COBA), Cuscal also assumed the role of a trade association for Australian credit unions and co-operatives.


Cuscal's services include:

  • electronic and paper payment processing including Acquiring, eftpos, ATMs, NPP, Apple Pay, Google Pay, direct entry, BPAY and member and corporate chequing
  • card products (including rediCARD debit and Visa debit and credit cards)
  • specialised credit union finance facilities
  • network communication services
  • development of payments infrastructure
  • Velocity Global Wallet prepaid Visa product.

Treasury services include:

  • mortgage securitisation services
  • liquidity management and settlement services
  • fixed interest / debt securities: Commonwealth bonds, Semi-government bonds, Corporate bonds, Commercial paper, Asset-backed securities
  • interest rate derivatives: Fixed rate bills, Fixed rate agreements, Interest rate swaps
  • financing products including standby letters of credit and guarantees
  • bilateral loan facilities
  • tradeable security brokerage services
  • market and liquidity risk management advisory services
  • fixed income portfolio management services


  1. ^ "National Names Index". Australian Securities and Investment Commission. Retrieved 26 April 2012.

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