We are pleased to announce that our proposed merger with Companion Credit Union will become effective from 1 January 2010 after the members of Companion voted overwhelmingly in favour of the union.

More than 95 per cent of Companion members supported the merger at an Annual General Meeting held in Rutherford on Wednesday 25 November. The combined entity will be one of Australia’s largest credit unions, representing a combined membership of more than 180,500.

Community CPS Chief Executive Officer, Kevin Benger, said he was proud to officially link the two credit unions following approval from Companion members.

"This merger is an important step for Community CPS and Companion, ensuring we remain competitive in the financial services market and continue to deliver the best services to our members in NSW, SA, ACT and WA," said Mr Benger.

The business will continue to be known as Companion Credit Union in the Hunter Valley region, while Community CPS Australia will carry on business in South Australia and the Australian Capital Territory along with United Community in Western Australia.