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A mutual merger four years in the making now confirmed

First raised in 2019, the projected merger date will see the entity have a almost $4 billion in combined assets and a network of 28 branches.

Rosanna argallDanny pavisicWaterside workers of australia credit unionGc mutual bankHeritage bankNewcastle greater mutual group ltdAustralian prudential regulation authorityFirst choice credit unionPeople choice credit unionUnity bankGreater bankPublic works department credit unionWaterside workersAustralia credit unionBeyond bankNewcastle permanent

Mutual banks poised to invest in brokers, says S&P report

Amid ongoing economic challenges, the mutual banking industry is expected to uphold its investment in the third-party channel, a new report reveals.

Lisa barrettKate aubreyGreater bankGreat southern bankHeritage bankNewcastle greater mutual group ltdNewcastle permanentMomentum mediaS p

4 Australian mutuals become 2

In two separate mergers, Greater Bank and Newcastle Permanent, alongside Heritage Bank and People’s Choice, have officially merged today (1 March).

Northern territorySouth australiaGold coastBernadette inglisSteve laidlawAndy weirHeritage bankNewcastle greater mutual group ltdPeople choice credit unionGreater bankNewcastle permanentHunter regionQueensland based heritage bankAdelaide based peopleChoice credit unionExecutive peter lock

The top news stories of the year 2022

As the year 2022 draws to a close, we recap some of the biggest news stories of the year that impacted the mortgage industry. January ‘Open Finance’ named as next CDR priority The federal governm

Nova scotiaLa trobeChris andrewsJim chalmersPatrick allawayThuy truongScott morrisonMalcolm withersSteve sampsonPhilip loweClive palmerHeartland group holdings limitedAlex bankMembers of greater bankNewcastle greater mutual group ltdParliament of australia

Newcastle Permanent-Greater Bank merger approved by members

The merger of two mutual lenders now only requires regulatory approval to go ahead, after members gave the deal the greenlight. Members of Greater Bank and Newcastle Permanent have voted in favour of

Bernadette inglisDwayne russellNewcastle greater mutual group ltdGreater bankNewcastle permanentJeff eatherTreasurer jim chalmers

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