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 | 3 Comments »
3 Responses to “Companion Credit Union Members Approve Merger”
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May 26th, 2010 at 6:45 am
i am not a fan of having credits and getting credits cards.”`,
May 26th, 2010 at 10:18 am
Hi Bradley,
Thanks for the feedback, just to clarify a Credit Union is like a bank (but personally I think better!) we dont offer ‘credits’ we provide banking services. Best of all if you bank with us you own a share of us, so any profits made go into more afforadable products for you. You can read all about the differences between banks and credit unions at http://www.comesbacktoyou.com.au or if you are interested about how our credit union was started and why visit http://www.companion.com.au and ‘about us’ its a great read!
We do offer credit cards but we only do so if the member requests one and if the member meets financial requirements. We do not force this product onto our members, infact historically we have promoted Debit Cards to our members which encourages you to spend your savings (rather than money you dont already have).
I hope this helps clarify our stance on Credit Cards, and thankyou for raising a great topic.
Thanks,
Cas
July 13th, 2010 at 1:38 pm
i had a bad credit score last year but i was able to fix it now.*;.