Companion Credit Union
Companion Credit Union was an Australian credit union that operated between 1975 and 2010, and became part of Beyond Bank Australia.
History
[edit]In 1974 a group of Hunter Valley coal miners began talks with the credit union league in Sydney, who approved the commencement of a new credit union.
On 6 January 1975 the Northern Mineworkers Credit Union opened its doors for the first time. Originally the first office was a backroom at the Northern United Mineworkers Federation headquarters in Newcastle.[1]
In 1988 the credit union changed its name from the Northern Mineworkers Credit Union to Companion Credit Union and opened its doors to the general public, so that anyone could be a member.
In 2009, credit union members voted to merge with Community CPS Australia and the merger took effect on 1 January 2010.
On 1 August 2013 it became a mutual savings bank called Beyond Bank Australia.
References
[edit]- ^ "'Credit Union Turns Bank". Maitland Mercury. 25 July 2013.