About Us
About Woolworths Team Bank
Woolworths Team Bank offers its members a better alternative to banks and other deposit taking institutions. With an understanding and knowledge of the lifestyle needs of the employees of Woolworths and Endeavour Groups, we provide quality financial products with competitive interest rates, minimal fees and a friendly, personalised service. Our range of services includes a selection of savings and investment accounts, loans for any worthwhile purpose, and general and health insurance. We also partner up with service providers like Car Search brokers, Send Payments and PassportCard Travel Insurance for our members to access.
Above all, we help you live life on your terms.
Our History
Woolworths Team Bank began in 1971 as the Safeway Employees Credit Co-operative. Safeway was an American owned supermarket chain which had operated in Australian since 1963.
It was employees of Safeway supermarkets in Australia who began Safeway Employees Credit Co-operative for the mutual benefit of employees of Safeway supermarkets and their families.
When Woolworths acquired Safeway in Australia in 1985, the credit union became Woolworths/Safeway Employees’ Credit Co-operative to reflect the fact that the credit union bond was open to stores branded Safeway and now Woolworths.
When Woolworths eventually rebranded all Safeway stores as Woolworths, the credit union changed its name to Woolworths Employees Credit Union (or WECU for short) in 2006.
In August 2020 WECU changed its name to Woolworths Team Bank to better reflect the range of products and services available to its members and to reinforce the strength of the institution.
In April 2021, Woolworths Team Bank celebrated its 50th Anniversary of supporting Woolworths Group Team Members and their families.
Our Mission
To help members of the Woolworths family achieve financial security and well-being by providing a range of relevant, competitively priced savings, lending and other financial services.
Our Vision
To be the preferred provider of financial services for the employees of Woolworths and Endeavour Groups and their immediate families, and those with an affinity to Woolworths Group.
Our Values
- Trust
- Moral Integrity
- Excellent service
- Consistent, accurate and responsive
- Ethical, friendly and considerate
- Financially strong, safe and secure
- Sound management
- Competent leadership and governance
