Another Credit Union Merger.
The Boards of Advantage and Westbond Credit Unions have resolved to merge, subject to member approval.
The Perth based operation will trade as Westbond Advantage Credit Union a Division of Advantage Credit Union Ltd.
The divisional concept will allow Westbond Advantage significant autonomy to manage the Perth based operation and allow members access to a existing comprehensive direct banking network including telephone banking, internet banking, giroPost access and an extensive VISA/EFT card access network.
Westbond, with original membership links through West Australian railway employees has assets $40 million and a membership base of 6,000.