Whilst credit union and mutual websites are generally good at disclosing product information, a review of websites shows that the amount of corporate information disclosed (usually under the  "About Us" link) varies.

Information typically ranges from only recent newsletters  to copies of annual reports and, less frequently, disclosure of corporate governance policies and director and management information. ADI’s are now required to report on their capital adequacy and credit risk exposures.

APS 330 (pdf) requires locally incorporated Australian -owned ADI’s, including credit unions and building societies, to report by 25 November 2008 on their basic capital information for the quarter ending 30 September 2008 and then within 40 business days after the end of each subsequent quarter. (see Attachment B for reporting details).

The disclosures required in Table 15 of Attachment B must be published (if the ADI is not listed on a stock exchange) on an annual basis as soon as practicable after the lodgement date for the ADI’s annual financial reports as required under the Corporations Act 2001.

The reporting requirements include:

• An ADI must publish its Prudential Disclosures on its website, in full in a clearly identifiable location.
• An ADI, in making a disclosure, must decide which Prudential Disclosures are material. An ADI is not required to make a Prudential Disclosure if the matter to be disclosed is not material. Information is regarded as material if its omission or misstatement could change or influence the assessment or decision of a user relying on that information for the purpose of making economic decisions.
• the ADI will not have to disclose those specific items that are proprietary and/or confidential in nature subject to APRA’s prior written approval . However, it must disclose more general information about the subject matter of the requirement, together with the fact that, and the reason why, the specific items of information have not been disclosed.

To ensure appropriate accountability, an ADI’s Chief Executive Officer must attest to the reliability of the Prudential Disclosures in the ADI’s annual declaration to APRA required under Prudential Standard APS 310 Audit and Related Arrangements for Prudential Reporting.