Companion Credit Union Members Approve Merger

More than 95% of Companion members present at the Annual General Meeting held in Rutherford on Wednesday (25 November), voted in favour of the merger. The merged entity will form one of Australia’s largest credit unions, representing a combined membership of more than 180,500.

The merger between Companion Credit Union and Community CPS Australia, will become effective from 1 January 2010.

The business will trade as Companion Credit Union – a Division of Community CPS Australia Ltd throughout the Hunter Valley and Gunnedah regions. Among the benefits of the merger are an expanded branch network, enhanced products and services, and reduced risk due to greater market diversification. Companion staff will benefit from a national job network and comprehensive training programs.

Members can expect to see information about new products in their mailboxes in early December.

November 26th, 2009 | Leave a Comment »