Sam Walters guided the Adelaide-based Australian Central Credit Union from 1974 (with the then Postal Technicians Cooperative Credit Union), until his retirement as Managing Director in 2000. Australian Central became the first credit union in Australia to reach $1 billion in assets in 1999. He encouraged his staff to place a high priority on understanding members’ needs and building relationships.
He served as Chairman of the Credit Union Membership Council, and of the Credit Union Christmas Pageant Company and was a member of the National Advisory Committee for Credit Unions as well as contributing widely to the business sector in South Australia.
Sam Walters provided an oral history interview for the credit union movement in 1994 when he was interviewed by Campbell Laughton.