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Showing 11 - 20 of 163 results for "Credit Union"

Mutuals' assets increase, profits declines: KPMG

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
Australia's mutual banks, building societies and credit unions (the mutuals) increased in net assets but fell in profitability over FY22. According to KPMG Mutuals Industry Review 2022, net assets jumped 7.8% to $11.2 billion, up from 5.5% growth ...

Fiducian sees record inflows, eyes expansion

JAMIE WILLIAMSON  |  TUESDAY, 16 AUG 2022
... market declines and acquisition of client bases. Fiducian acquired the financial planning arm of People's Choice Credit Union, adding $1.1 billion at the time. Fiducian said it also acquired additional FUA of $70 million. "Management and the board remain ...

Heritage Bank, People's Choice proceed with merger plans

CHLOE WALKER  |  TUESDAY, 19 APR 2022
... with plans to merge following a rigorous due diligence process. The merger between Heritage Bank and People's Choice Credit Union is set to create an organisation with about 720,000 members and $22.5 billion in total assets. In a statement on Wednesday ...

Fiducian finalises People's Choice Credit Union acquisition

CHLOE WALKER  |  WEDNESDAY, 2 FEB 2022
Fiducian Financial Services (Fiducian) has today finalised the acquisition of People's Choice Credit Union's financial planning business (PCCU). Fiducian was selected by PCCU as the successful bidder in November to acquire PCCU's financial planning ...

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
... superannuation fund offered to customers of several small players in Australia's banking sector will close in March. Credit Union Building Societies Superannuation, known as CUBS Superannuation, is a retail offering overseen by Equity Trustees Superannuation. ...

Industry fund chief steps down, successor named

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... Murray has been selected to succeed Turner. Murray has been with QSuper since April 2017, having previously served as Credit Union Australia's general manager, business transformation. He has also held roles with Lloyds Banking Group, Royal Bank ...

Fiducian acquires $1.1bn advice business

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
... Fiducian was the successful bidder for the $1.1 billion financial advice subsidiary of a national bank. People's Choice Credit Union (PCCU) has sold its financial advice business to the ASX-listed group, in a move that continues Fiducian's ambitious ...

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... addition to Westpac, ASIC announced last year that $160 million of the remediation pool came from NZ, Australian Central Credit Union, Bank of Queensland, Bendigo and Adelaide Bank, Citigroup, Commonwealth Bank, Credit Union Australia, Latitude Finance ...

Dealer group GM exits

JAMIE WILLIAMSON  |  THURSDAY, 18 MAR 2021
... made redundant. Kriss originally joined the licensee in 2002, having previously worked in business development for a credit union. In a LinkedIn post, Kriss thanked IOOF and Bridges for what he described as an "immensely rewarding" 19-year tenure. "Importantly ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
... insurance from 11 major banks and lenders between 2011 and 2018. These include offerings from ANZ, Australian Central Credit Union, Bank of Queensland, Bendigo and Adelaide Bank, Citigroup, Commonwealth Bank, Credit Union Australia, Latitude Finance ...