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TAFE & Community Credit Union merger complete

17 March 2009

The merger between Teachers Credit Union and TAFE & Community Credit Union is now complete with the official transfer of business taking place on 1st March 2009.

The new entity is now known simply as Teachers Credit Union.

The merger creates a credit union with assets of over $2.8 billion and more than 160,000 members – the second largest credit union in Australia on balance sheet. Steve James is Chief Executive of the merged institution, and all TAFE & Community Credit Union staff have taken up roles in the merged entity.

Members of the integrated credit union will have access to 4 offices, a mobile lending service, additional remote access through SMS banking, a full-service travel agency, 
in-house financial planning and investment advice and a wide range of other products and services.

All services will now be provided at Teachers Credit Union offices at Homebush and Rooty Hill in NSW, ACT and WA.

“We warmly welcome members of the former TAFE & Community Credit Union and look forward to providing them with our competitive products, personal service, and innovative resources,” said Steve James.