In December 2009, Australian Central and Savings & Loans entered an exciting new era through a merger of the two credit unions. The merger created the nation's second largest credit union, Australian Central Savings & Loans, now have more than 350,000 members and $7.4 billion in assets and advice under management meaning we offer a genuine, member-owned alternative to the major banks.Australian Central Savings & Loans provides a range of financial products and services in Australia. It offers a range of savings products and services; term investments; home loans; personal loans; business banking and credit card products and services. The company also provides financial planning services and advice, including investment planning, retirement management, risk and wealth protection, superannuation planning, wealth creation, estate planning, and workplace financial planning; and wealth management services. In addition, it engages in the sale of insurance products, including home and contents insurance, motor insurance, personal loan protection insurance, and mortgage protection insurance.