Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

S&L and Austral CU merger likely

Staff Reporter 1 minute read

Savings & Loans is seeking to merge with Austral Credit Union in a move to boost its presence in the Melbourne market.

Advertisement
Advertisement
If approved the merger would give Savings & Loans a further four branches as well as six additional agencies and 14 extra ATMs.

Tony Innes, Savings & Loans acting chief executive, said yesterday that the merger would provide the credit union with important growth and strength in the Melbourne market.

The announcement follows Moody’s Investors Service forecast today that the credit union sector will see increased M&A activity in a bid to reduce cost pressures and improve profitability.

Published: 30-04-08

S&L and Austral CU merger likely
default
TheAdviser logo
default
more from the adviser
first home buyers ta Brokers wrote half of FHLDS loans

The latest figures for the FHLDS suggest that brokers assisted in...

percent arrow down ta Low repayment loan for brokers launches

Specialist lender TrailBlazer Finance has launched a new low repa...

handshake contract ta PLAN bolsters lending panel

The aggregator has announced the addition of Better Choice Home L...

FROM THE WEB