Hunter United Employees Credit Union and Beyond Bank announce plans to merge
April 2017Share This Story
We would like to announce that we plan to merge with Hunter United Employees Credit Union, which is expected to take place in late 2017.
We have signed a Memorandum of Understanding and the merger will now undergo due diligence, regulatory approval and Hunter United member approval.
The merger will offer expanded services and more branches to members of both organisations across the Hunter.
As customer owned organisations, we are both committed to members, staff and the local community and together, we will have an even greater capacity to develop financial solutions that offer the best value to members.
Our Bank has a strong position in the national financial services market and this proposed merger will build on our commitment to regional Australia and provide a very clear alternative in the market for customers in the Hunter.
Both organisations also have strong relationships with local communities and we look forward to expanding and developing community programs once the merger is finalised.
All future decisions will be taken with the best interests of the members and staff of both organisations - there will be no job losses and more development opportunities for local staff.
Hunter United has approximately 9,000 members and assets worth $300 million. Their seven local branches complement our existing network which covers Wagga Wagga, the ACT, Hunter and Riverina regions, regional South Australia, Adelaide and Perth.