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Update on merger with TAFE and Community Credit Union

04 December 2008

The Boards of Teachers Credit Union and The TAFE and Community Credit Union (TCCU) have announced that their merger has now taken place.  

At the recent TCCU Annual General Meeting members voted overwhelmingly for the merger, which has also been approved by APRA.  

The new entity will be known simply as Teachers Credit Union.     

“We are delighted that the merger has received such wholehearted support.  Teachers Credit Union is, as always, firmly dedicated to supplying a competitive and co-operative ‘banking’ alternative,” said Teachers Credit Union Chief Executive Steve James.

The merger creates a credit union with assets of over $2.7 billion and more than 158,000 members.   Steve James is CEO of the merged institution, and all TCCU staff are taking up roles in the merged credit union.