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Police Credit Union earns back-to-back Mozo Award wins for Green Personal Loan and car loan products

We have strengthened our reputation as a leading local lender by winning back-to-back victories in the Mozo Expert Choice Awards for our Green Personal Loan and car loan products.

Police Credit Union CEO, Costa Anastasiou, said achieving product category wins in the 2019 and 2020 Mozo Awards reinforced that the Solar Eco Loan and Fixed Rate Car Loan options remain the best on the market.

“Our Green Personal Loan is special as it provides eco-conscious customers with low rates and fees. Our Solar Eco Loan, in particular, has been developed to help people reduce their energy costs by taking advantage of a Variable Rate Personal Loan to help purchase and install solar panels, home battery systems and solar water heaters,” Mr Anastasiou said.

“More people want to harness renewable energy options to help reduce their environmental footprint and deliver lower energy costs. Our Solar Eco Loan delivers on that demand by offering a low interest rate and a loan term of up to 7 years without any ongoing fees or penalty if they want to pay off the loan early,” he said.

“We are also thrilled to see our Fixed Rate Car Loan recognised again for the third year as the best on offer for its low competitive rate amongst 89 different personal loans. Buying a car is one of the biggest purchase decisions most of us ever make, by offering a competitive interest rate, no application or ongoing fees and an ability to pay the loan off early, we hope that people can invest in a more modern, reliable and affordable car right now to suit their lifestyle or needs.”

It is anticipated that our back-to-back Mozo Award victories will encourage more people to put their trust into a local credit union as a viable alternative to the big banks.

“While banks are focussed on delivering profits to shareholders, being member-based allows us to reinvest into developing better products and services, exemplary customer service, and the opportunity to give back by supporting a range of important community initiatives,” Mr Anastasiou said.

“In addition to offering great service and knowledgeable staff, one of our major competitive points of difference when it comes to our car loan products is our ability to offer far lower rates compared to the bigger banks – especially given that our Better Fixed Car Loan is at our lowest-ever fixed rate at 4.69% P.A. with a Comparison Rate of 4.96% P.A.”

The category wins follow the release of our annual performance results, in which we delivered a strong result despite the nation’s economic uncertainty. Standout aspects included another near-record Member Satisfaction Rating of 92.9%, as well as total assets growing to $1.174 billion and a profit after tax result of $5.2 million. Read more about our results in our 2020 Annual Report.

The annual Mozo Experts Choice Awards recognise the top 10% of the market that deliver unmistakable and exceptional value to consumers.