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.

Hunter credit unions join forces

Staff Reporter 1 minute read

Three Hunter Valley-based credit unions have announced plans to merge.

Companion Credit Union, Hunter United Employees'Credit Union and Phoenix Credit Union will join forces in what is described as "a genuine partnership that will deliver a strong, member-owned organisation with a better position for future growth".

Michael O'Connor, chairman of Companion Credit Union, told Mortgage Business: "The amalgamation will create a larger credit union that will have the scale to provide an increased range of products, better services and competitive rates and fees to benefit all members."

O'Connor said that the merger had been under discussion for some time and was not the result of the current credit squeeze.

If approved by members, the merger will create a union with assets of more than $460 million, more than one hundred staff across 17 sites, and a network of 63 ATMs. Members will vote 29 November to determine the new name and CEO.

Advertisement
Advertisement
Hunter credit unions join forces
default
TheAdviser logo
default
more from the adviser
WIF 2020 ta Women in Finance Awards 2020: CEO of the Year finalists revealed!

The Adviser, in partnership with outsource financial, is pleased ...

digital home loan ta Brokers call for permanent adoption of digital mortgage process

Tech-driven changes to the mortgage application process in respon...

WIF 2020 ta Women in Finance Awards 2020: Innovator of the Year finalists revealed!

The Adviser, in partnership with outsource financial, is pleased ...

FROM THE WEB