Police Bank Ltd. is an Australian, member-owned mutual bank. Founded as NSW Police Credit Union (PCU) on 24 October 1964 by a group of officers from the Clarence Street Police Station in Sydney, its members passed a resolution to enable "Police Credit Union" to become "Police Bank Ltd." on 3 December 2012. Police Bank is a member of The Customer Owned Banking Association, the industry body representing the Australian mutual and cooperative banking sector. Police Bank is a member-owned institution and has no shareholders.