As an Authorised Deposit-Taking Institution (ADI), Northern Beaches Credit Union (NBCU) as a division of Community First Credit Union Limited is regulated by the Australian Prudential Regulation Authority (APRA). The primary role of APRA in relation to ADI's is to ensure the stability of the financial industry, principally managed through the strict regulation of capital adequacy requirements. Capital is the cornerstone of an ADI's financial strength. It supports an ADI's financial strength. It supports an ADI's operations by providing a buffer to absorb unanticipated losses from its activities and, in the event of problems, enables the ADI to continue to operate in a sound and viable manner while the problems are being addressed or resolved. New disclosure requirements commencing from the June 2013 quarter require information about the credit union's capital to be displayed on the website. This disclosure will show Community First's assets and their appropriate risk weight under the international capital framework standard (Basel III). The minimum Capital Adequacy Ratio required under APS is 8%

View Community First Credit Union's Capital Disclosures



View Community First Credit Union's Remuneration Disclosure



Workplace Gender Equality
In accordance with the requirements of the Workplace Gender Equality Act 2012 (Act), we wish to advise that, on 31 May 2017, Community First Credit Union lodged its annual public report with the Workplace Gender Equality Agency (Agency).
A copy of this report is available here.