Get notifications in real-time for staying up to date with content that matters to you.
Community CPS Australia today announced its intention to merge with West Australian-based United Credit Union.
According to Community CPS chief executive officer Kevin Benger, the merged business would represent a combined membership of more than 175,000 people with total assets under management of $2.2 billion in addition to more than $360 million of additional funds under advice.
Mr Benger said both credit unions are significant players in the financial services field and had identified numerous synergies between the two organisations.
“Each credit union has maintained a strong financial position over a number of years and has a loyal membership base, excellent staff and a strong product portfolio,” he said.
Members of the mutuals will be invited to vote on the merger once regulatory approval has been granted.
Published: 10-04-08
Revealed: The winners of the Better Business Awards NSW/ACT
The leading lights of the broking industry from across NSW and AC...
Prospa reshuffles leadership team
The SME lender has announced changes to its leadership team follo...
Wisr originations jump 90%, profit falls
The neo-lender has reported a $12.9 million loss in the six month...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Where do you send the largest proportion of your mortgages?
Receive breaking news direct to your inbox each day
