As members will know, the Australian Prudential Regulatory Authority (APRA), is required to approve the proposed transfer of business from Hunter United Employees’ Credit Union Limited to IMB Bank (which was adopted by Hunter United members and the IMB Bank Board in March 2020).
All parties were targeting a 1 April 2020 completion date for the merger, however the application is still being processed. Understandably, the entire financial services industry is working through many issues during these difficult times.
Only a short delay is anticipated, and members will be advised of the revised merger completion date as soon as final regulatory approval is obtained.
Date: 26 March 2020
Why choose us?
Established in 1880, IMB Bank is one of the most enduring financial institutions in the country, helping people achieve their financial goals for over 140 years. Our members can access a fully featured range of services: home and personal lending, savings and transaction accounts, term deposits, business banking, and more.
Our renowned personal service is backed by innovation, providing convenient, secure digital banking options where and when you want it. IMB also has a growing retail branch network throughout NSW and Victoria, for when you need to speak to someone in person, and a team of professionals at our locally based contact centre. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you.
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