
On the 10th September, 2011 the Federal Government made alterations to the Government Guarantee Scheme.
The Financial Claims Scheme (FCS) protects depositors through the provision of a guarantee on deposits (up to the cap) held in authorised deposit-taking institutions (ADI's) incorporated in Australia and allows quick access to their deposits if an ADI becomes insolvent.


Firefighters Credit Co-operative was formed from the idea of the welfare officer from within the Metropolitan Fire Brigade (Mr Fred Tyson) being concerned with the welfare of firefighters and their families facing financial hardships in 1974. 