CUA keeps getting bigger
La Trobe Country Credit Co-operative members voted last week to merge with Credit Union Australia. Chairman of LCCC, Mr Richard Stanistreet, said the merger has many advantages for LCCC members: “Members will now have better access to a broader and competitive range of products and services compared with what LCCC was able to offer.”
“CUA also brought with it a much broader range of competitive products with better rates; their own health fund; travel and financial planning services; a large 70-plus branch network and an Australian-based national phone and web banking system.”
The two LCCC branches at Morwell and Traralgon would continue to operate as CUA branches with the same staff. Therefore all their strong member relationships and Gippsland community ties would continue to grow with CUA. The merger is effective from 1 September 2009 subject to regulatory approval.