Cuscal cuts payout ratio 01 March 2024 5:45AM Latest news Ian Rogers Cuscal has reported a December 2023 half year net profit of A$13.7 million, up five per cent from the prior period, and is distributing $6.1 million to shareholders as an interim dividend. read more
Talka about Bank Australia 28 February 2024 5:22AM Latest news Ian Rogers Lithuanian Co-Operative Credit Society ‘Talka’ Limited, one of the most feeble credit unions in the country, will merge with Bank Australia. read more
A super-healthy profit for Queensland Country Bank 31 October 2023 5:16AM Latest news Ian Rogers This year’s sale of its health fund to HBF has delivered to Queensland Country Bank one of the largest ever profits for a mutual bank. read more
Transport Mutual trashes Cuscal IPO 18 October 2023 5:39AM Latest news Transport Mutual Credit Union has announced its decision not to participate in the proposed voluntary sale of 50 per cent of its shares in Cuscal. read more
Youth policy delivers results for Great Southern 16 October 2023 4:22AM Latest news John Kavanagh Great Southern Bank grew its mortgage book by 6.6 per cent in the year to June, with this above system growth largely due to its penetration of the first home buyer market. read more
AWA rebels at Bendigo Alliance 04 October 2023 5:52AM Latest news Ian Rogers AWA Alliance Bank, a Geelong-based former credit union, is seeking to disassociate from the Alliance Bank network of Bendigo and Adelaide Bank, and amalgamate with Beyond Bank. read more
Fewer branches, fewer members 28 September 2023 4:55AM Latest news Ian Rogers Receivables went backwards but profit went up at Illawarra Credit Union. read more
Charges dropped against WAW CEO 07 September 2023 5:52AM Latest news Ian Rogers The Commonwealth Director of Public Prosecutions has withdrawn charges against Peter Challis, the former CEO of WAW Credit Union, based in Albury. read more
Beyond Bank and First Choice to merge 04 September 2023 4:36AM Latest news Ian Rogers Beyond Bank will merge with First Choice Credit Union, deepening Beyond’s expansion into NSW. read more
Macquarie CU seeks merger with RAB 07 August 2023 5:43AM Latest news Ian Rogers Macquarie Credit Union is in merger discussions with Regional Australia Bank. read more
Queensland Country sells health fund 14 July 2023 5:25AM Latest news John Kavanagh Queensland Country Bank has completed the sale of its health fund to HBF – the second sale of a health fund to HBF by a Queensland-based mutual bank in the past couple of years. read more
Mutual banks call off merger 08 June 2023 5:45AM Latest news Ian Rogers Australian Mutual Bank and Community First Bank have cancelled a mooted merger. read more
Briefs: New Toowoomba HQ for Heritage and People's Choice, new Change Financial CEO, and more 27 April 2023 6:03AM Latest news The merged Heritage Bank and People’s Choice Credit Union will build a new head office in Toowoomba on the site of a former Catholic church. read more
Great Southern jumps the generation gap 04 April 2023 5:26AM Latest news John Kavanagh When Credit Union Australia changed its name to Great Southern Bank in 2021, the biggest influence on its decision was research showing nearly half of Australians had no idea what a credit union was. read more
Big mutual mergers take effect 01 March 2023 6:12AM Latest news John Kavanagh Two new mutual banks, each with assets of more than A$20 billion, start trading today, with the official completion of the mergers of Newcastle Permanent Building Society and Greater Bank, and Heritag.. read more
The Maleny compromise 25 January 2023 5:55AM Latest news Ian Rogers Lakeba never got a chance to show its mettle via a takeover of Maleny Credit Union. More’s the shame. read more
Merger creates Australia's biggest mutual bank 17 November 2022 6:10AM Latest news John Kavanagh Heritage Bank and People’s Choice Credit Union members have voted in favour of the proposed merger of the two mutuals. read more
Mutual mergers boilover 21 October 2022 5:13AM Latest news Ian Rogers APRA and the RBA want the 20 smallest credit unions cleaned up, quick smart. read more
Australian Mutual and Community First plan merger 08 September 2022 6:01AM Latest news Ian Rogers Australian Mutual Bank and Community First Credit Union have signed a memorandum of understanding to explore a merger of the two organisations. read more
Briefs: Gateway’s mortgage book booms, BNZ terminates 9Spokes 22 June 2022 5:55AM Latest news Banking Day staff Gateway Bank reported that it will finish the financial year with growth of 21 per cent in its mortgage portfolio and a 74 per cent increase in applications over the year. read more