Beyond Bank opens its doors

From 1 August 2013, the Community CPS Australia Group of credit unions will trade as Beyond Bank Australia, a customer-owned bank operating in South Australia, Western Australia, ACT, Wagga Wagga and the Hunter Valley.

Chief Executive Officer Robert Keogh said: "We have seized a strategic opportunity that enables us to continue to drive our agenda and respond to the age of the consumer who is more informed than ever and clearly in the driver’s seat when it comes to deciding their banking provider."

The move to mutual bank status also allows Beyond Bank Australia to attract additional funds.