People First Bank, as an Authorised Deposit-Taking Institution, is regulated by the Australian Prudential Regulation Authority (APRA). This means that People First Bank is subject to and complies with the same stringent legally enforceable prudential standards as every Australian bank, so customers can be confident that their bank complies with the highest-level requirements for financial management and reporting.
Accordingly, we provide the following Prudential Disclosure Statements that outline key prudential metrics and information relating to risk management approach, capital adequacy, risk exposures, liquidity and remuneration.
Prudential Disclosure Statements
Click on the links below to view copies of prudential information for People First Bank.
APS 330 Pillar 3 Disclosures FY 2025-2026
- Prudential Disclosure Statement December 2025 (PDF, 1.29MB)
- Prudential Disclosure Statement December 2025 (EXCEL, 251KB)
- Prudential Disclosure Statement September 2025 (PDF, 358KB)
- Prudential Disclosure Statement September 2025 (Excel,173KB)
APS 330 Pillar 3 Disclosures FY 2024-2025
- Prudential Disclosure Statement June 2025 (PDF, 533KB)
- Prudential Disclosure Statement June 2025 (Excel, 154KB)
Remuneration Disclosures
- Remuneration Disclosures 2025 (PDF, 448KB)
- Remuneration Disclosures 2025 (Excel, 8KB)
- Remuneration Disclosures 2024 (PDF, 298KB)
Previous regulatory disclosures
For additional prudential information relating to Heritage Bank Limited, prior to its merger with People's Choice Credit Union, please visit the Heritage Bank website.
What is the Financial Claims Scheme?
The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails.
How does it work?
Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any:
- bank
- building society
- credit union
- any other authorised deposit-taking institution (ADI) that's incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).
When it applies
The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA).
In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.
How the limit is applied
The FCS limit of $250,000 applies to the sum of an account holder's deposits under the one banking license.
Therefore, all deposits held by an account holder with a single banking institution must be added together towards the $250,000 FCS limit, and this includes accounts with any other banking businesses that the licenced banking institution may operate under a different trading name.
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