Companion Credit Union was an Australian credit union that operated between 1975 and 2010, and became part of Beyond Bank Australia.

History

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

  1. ↑ "'Credit Union Turns Bank". Maitland Mercury. 25 July 2013.
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