At GMCU, membership is more than holding an account. It represents a shared commitment to helping members, communities and regions thrive through local banking with lasting impact.
Membership provides access to GMCU's products and services and allows eligible members to participate in the governance of GMCU in accordance with our Constitution.
GMCU welcomes membership applications from both individuals and organisations. Memberships may be held in:
Approved members are required to subscribe for a member share. Existing members who already hold a share may open additional memberships without being required to subscribe for additional shares.
As a member of GMCU, you become a shareholder of the organisation. Eligible members may participate in the governance of GMCU through voting rights and attendance at member meetings in accordance with the GMCU Constitution. Members are also responsible for ensuring their information remains accurate and up to date and for complying with the terms and conditions of products and services they hold.
To protect our members and meet legal and regulatory requirements, we are required to verify the identity of all account holders and authorised signatories before an account can be opened.
When applying for membership or opening an account, you may be asked to provide documents that verify your:
Examples of acceptable identification documents may include:
Additional documentation may be required for companies, trusts, partnerships and other organisations. Our team can advise you on the identification requirements relevant to your circumstances.
When opening an account, you may choose to provide your Tax File Number (TFN). Providing your TFN is not compulsory. However, if a TFN is not provided and interest earned exceeds the applicable threshold, tax may be withheld from interest payments in accordance with Australian taxation requirements. For further information, please refer to the Australian Taxation Office or speak with our team.
To learn more about GMCU membership, governance and disclosures, please refer to:
View our disclosure documents.
If you have questions about membership, eligibility or opening an account, our team is here to help. Contact us by phone, visit your local branch or submit an online enquiry.
