Workplace Banking - SA Power Networks
We are thrilled to support SA Power Networks employees and their subsidiaries through our Workplace Banking program.
Credit Union SA was formed in 2009 when Powerstate Credit Union and Satisfac Credit Union merged.
Through their combined history, we have been actively supporting the local community for over 60 years and we are thrilled to support SA Power Networks employees and their subsidiaries through our Workplace Banking program.
How does Credit Union SA support SA Power Networks employees and their families?
- Simply take out an eligible home loan, car loan or personal loan.
- Select SA Power Networks as your workplace partner.
- If eligible, you receive a cashback offer on our home loans or a discount on your application fee for personal loans and car loans, on top of our standard competitive rates!
- Plus, when you take out a personal loan or car loan, we will also make a once-off donation on your behalf to the SA Power Networks' Employee Foundation, as shown in adjacent table.
Product Type and Value | Special offer for you | Donation to the SA Power Networks' Employee Foundation* |
|---|---|---|
Personal Loan / Car Loan above $5,000 | $0 application fee,
save $395 | $100 |
Home Loan above $300,000 | $2,000 cashback | $0 |
No annual fee | N/A |
Looking for some cold hard cash in your pocket? Find out if our $2,000 home loan cashback* is the best option for you.
To be eligible for the cashback, you must be:
- Purchasing a property or properties, or refinancing your property or properties from another financial institution
- Borrowing a minimum of $300,000 (new borrowings)
- Borrowing with a loan to value ratio (LVR) of 80% or less
- Meet the eligibility criteria for an applicable loan
- A current employee of SA Power Networks or a subsidiary company
Funds to be paid at settlement of loan. This offer is not available for the purposes of construction and bridging loans. Owner Occupied Interest Only loans are ineligible. Limited to one cashback per household.
Featured Products
| Product Name | Interest Rate | Comparison rate |
|---|---|---|
| Package Variable Special Offer - Principal & Interest - Owner Occupied ≤60% LVR ☉︎§︎ | 6.04% p.a. | 6.41% p.a. |
| Package Variable Special Offer - Principal & Interest - Owner Occupied ≤80% LVR ☉︎#§︎ | 6.09% p.a. | 6.46% p.a. |
| Package Variable Special Offer - Principal & Interest - Investment ≤60% LVR ☉︎§︎ | 6.22% p.a. | 6.59% p.a. |
| Package Variable Special Offer - Interest Only - Investment ≤60% LVR ☉︎^§︎ | 6.52% p.a. | 6.95% p.a. |
| Package 3 year Fixed - Principal & Interest - Owner Occupied ≤97% LVR ☉︎µ︎#§︎ | 5.69% p.a. | 6.59% p.a. |
Looking for a different product or rate? Check out our full list of available products here.
We're here to help
3 easy ways you can join Workplace Banking
for SA Power Networks:
- Open any Credit Union SA account or apply online for a lending product, selecting SA Power Networks as your workplace.
- Reach out to Michelle De Palma, Home Lending Manager, on 0466 943 198 or mdepalma@creditunionsa.com.au.
- Visit or call us at 400 King William St, Adelaide.
Frequently asked questions
View all Community FAQsA subsidiary company is owned by the same company as SA Power Networks. A subsidiary company employee of SA Power Networks can receive a cashback if they meet the eligibility criteria.
This cashback is available to both eligible Owner Occupied and Investment properties.
Fees and charges may apply for any products you take out that incur fees or charges, but do not apply for joining the program
We’re a Credit Union, which means we offer all the same services as a bank but with one very important difference - our highest priorities are our members and community.
We’re a member owned banking organisation, which means we’re not driven by the need to return dividends to shareholders like the major banks. As a result, we're able to channel the profits we generate back to our members and community.
Meet your Relationship Manager
Michelle De Palma
Home Lending Manager
Michelle has over fifteen years experience in the financial services sector. As our dedicated Relationship Manager, she supports our Workplace Banking Partners and Port Adelaide Football Club. Michelle helps South Australians Thrive with a personalised approach to their lending and banking needs.
Submit your enquiry
Already a member?
Log inPlease contact us via Secure Mail by logging into Internet Banking
We're here to help
Contact MichelleGet in touch with your dedicated Workplace Banking Relationship Manager
INFORMATION YOU SHOULD KNOW
Lending criteria, fees and conditions apply and are available upon request.
The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination.
Interest rates are subject to change and special offers may be withdrawn at any time.
#Please note: home loan products have different qualifying criteria to the $2,000 cashback offer, with different minimum loan amounts.
☉︎
Loan available for minimum new borrowings of $150,000 or more. Annual Package fee of $395 applies.§︎
Interest rates are subject to change without notice. Comparison rates are based on a $150,000 secured loan for 25 years. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.#
Available for Family Home Guarantee (FHG), First Home Guarantee (FHBG) and Regional First Home Buyer Guarantee (RFHBG) participants who meet the scheme eligibility requirements of Housing Australia Scheme Loans. Interest Only only available for construction, after your construction period your loan will revert to principal and interest.^
Interest only repayments are only available where the loan to value ratio is 80% or less.µ︎
Available where the loan to value ratio is 97% or less, including capitalised LMI.