Deposits - FAQs

Written by Ricardo

We have compiled a list of the most frequently asked questions for our deposit account range below.

Do I have to be a member to open an account?
The Credit Union is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Therefore we require that you must be a member of the Credit Union to open an account. Learn more about becoming a member.

How much do I need to deposit to open an account?
It only takes $1 to open an access account.

How do I make deposits to my account?
You can arrange to make deposits to your account either by direct credit of payroll or other income, transfer from another savings or transaction account at IMCU or another financial institution, Internet or telephone banking transfer, through Bank@Post at your loacl post office, or at any branch of the National Australia Bank with a specially encoded deposit book.

How do I make withdrawals from my account?
You'll find accessing your accounts easy and very convenient with a range of options. Please refer to the accessing your money section of the site.

How often will I receive information on my account?
Statements are issued at least every six months. More frequent or duplicate statements can be requested at any time, however a fee applies for duplicate statements.

Account Balances and Statements are also available through our internet and telephone banking services. 

Decided on the account that's right for you?

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Learn more

• Learn more about our current Interest Rates.
• Want to try and save more? Read our Budgeting Tips or use one of our online Budgeting Calculators.