Growing Stronger

Growing Stronger

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Growing Stronger

From humble beginnings back in 1965, First Option has grown into a strong and secure financial services provider.

We have a small, but dedicated team of motivated people who love to help members and make them “money happy”. 

More than 50 years later, our membership and assets have grown because members see value in dealing with a banking provider they can trust.

While most members praise us for our great service, we also provide the latest in technology, such as mobile payments and banking apps. First Option was also one of the first in Australia to offer Real Time Payments through the New Payments Platform.

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Our History

The "First Option" name was launched in July 2005, when TAB Credit Union (NSW) merged with Flying Horse Credit Union (Victoria) to create a strong and secure entity that would be our members “first option” for their banking needs.

However, the First Option family is made up of many industry-based credit unions.

  • Australian Synthetic Rubber (est. 1969) and Australian Petrochemical (est. 1973) served Qenos employees
  • Carboy (est. 1970) served Laminex, Pilkington and Visy employees
  • Ericsson (est. 1970) served Ericsson employees
  • Flying Horse (est. 1972) served Mobil employees
  • Old Gold (est. 1971) served Mondelez / Cadbury employees
  • TAB (est. 1965) served TAB staff and agents in NSW
  • VICTAS (est. 1966) served Tabcorp employees in Victoria

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