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 (WTB) to better reflect the range of products and services available to its members and to reinforce the strength of the institution.

In April 2021 WTB will celebrate 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 the Woolworths group and their immediate families.

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

Become a member

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If you have any questions, please contact us