Successful Merger
Savings & Loans’ members have approved a merger with Australian Central, another highly successful credit union based in Adelaide.
The merger was approved at our Annual General Meeting on 27 November 2009, with the official merger taking place on 1 December 2009.
The new credit union will allow us to meet our members’ needs well into the future, through a larger branch network, and access to improved products and services.
What will change?
Over the next few months, very little will change at Savings & Loans or Australian Central. We will continue to operate as separate brands, with separate branches and products for quite some time – possibly up to 12 months.
During this time we’ll be developing a new brand and creating a credit union that will have products and services to benefit all our members.
Until our new name is announced later in 2010, we’ll be trading as ‘Savings & Loans Credit Union, a division of Australian Central Credit Union Ltd’ as we’ll be part of the same company. We also have a new constitution, which is available for members to view.
Any questions?
If you have any questions about Savings & Loans’ merger with Australian Central, visit our FAQ page.
