Beyond Bank is an Australian customer-owned bank operating in

South Australia South Australia (commonly abbreviated as SA) is a States and territories of Australia, state in the southern central part of Australia. With a total land area of , it is the fourth-largest of Australia's states and territories by area, which in ...

, Victoria, the

Australian Capital Territory The Australian Capital Territory (ACT), known as the Federal Capital Territory until 1938, is an internal States and territories of Australia, territory of Australia. Canberra, the capital city of Australia, is situated within the territory, an ...

Western Australia Western Australia (WA) is the westernmost state of Australia. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to the south, the Northern Territory to the north-east, and South Australia to the south-east. Western Aust ...

and

New South Wales New South Wales (commonly abbreviated as NSW) is a States and territories of Australia, state on the Eastern states of Australia, east coast of :Australia. It borders Queensland to the north, Victoria (state), Victoria to the south, and South ...

. It provides financial services to its members, including savings and business accounts, term deposits, loans, insurance and financial planning, and has total

assets under management In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...

of more than $5 billion. It is a certified B Corp.

History

* In March 2006, Community CPS Australia Ltd was formed in a merger between the Commonwealth Public Servants

Credit Union A credit union is a member-owned nonprofit organization, nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (che ...

s - CPS Credit Union (SA) Ltd and CPS Credit Union Co-operative (ACT) Ltd. * In November 2008, Western Australian based United Credit Union Ltd and Westax merged with Community CPS and carried on business under the name

United Community {{more citations needed, date=December 2010 United Community was a credit union based in Western Australia Western Australia (WA) is the westernmost state of Australia. It is bounded by the Indian Ocean to the north and west, the Southern Ocean ...

. * In May 2009 the Polish Community Credit Union also merged with Community CPS. * In January 2010

Hunter Region The Hunter Region, also commonly known as the Hunter Valley, Newcastle Region, or simply Hunter, spans the region in northern New South Wales, Australia, extending from approximately to north of Sydney. It contains the Hunter River (New Sout ...

-based Companion Credit Union merged with Community CPS. * In June 2011 Wagga Mutual Credit Union, based in the

Riverina The Riverina () is an agricultural list of regions in Australia, region of south-western New South Wales, Australia. The Riverina is distinguished from other Australian regions by the combination of flat plains, a climate with significant seaso ...

, merged with Community CPS. * In 2012 Community CPS was named Money Magazine's Credit Union of the Year 2012 and awarded the 2012 Mozo People's Choice Award for Best Credit Union. * In August 2013 Community CPS became a mutual bank called Beyond Bank Australia. * In April 2016 Country First Credit Union, based in Griffth, merged with Beyond Bank. * In May 2016 Beyond Bank acquired Universal Financial Planning in the Hunter region. * In June 2016 Beyond Bank became a certified B Corp. * In February 2018 My Credit Union, based in NSW, merged with Beyond Bank. * On 1 March 2020, Nexus Mutual (formerly

Esso Esso () is a trading name for ExxonMobil. Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. The company adopted the name "Esso" (from the phon ...

employees credit union), based in

Melbourne Melbourne ( , ; Boonwurrung language, Boonwurrung/ or ) is the List of Australian capital cities, capital and List of cities in Australia by population, most populous city of the States and territories of Australia, Australian state of Victori ...

, merged with Beyond Bank. * On 1 April 2022, South West Mutual Credit Union, based in

Warrnambool Warrnambool (; Eastern Maar, Maar: ''Peetoop'' or ''Wheringkernitch'' or ''Warrnambool'') is a city on the south-western coast of Victoria (Australia), Victoria, Australia. At the Census in Australia#2021, 2021 census, Warrnambool had a populati ...

, merged with Beyond Bank, bringing their 13,000 customers. * On 1 February 2024, First Choice Credit Union, based in Orange, New South Wales, merged with Beyond Bank, bringing their 4,000 customers. * On 1 March 2024, AWA Alliance Bank, originally the Point Henry Credit Co-operative for employees of

Alcoa Alcoa Corporation (an acronym for "Aluminum Company of America") is an American industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary alu ...

Geelong Geelong ( ) (Wathawurrung language, Wathawurrung: ''Djilang''/''Djalang'') is a port city in Victoria, Australia, located at the eastern end of Corio Bay (the smaller western portion of Port Phillip Bay) and the left bank of Barwon River (Victo ...

, merged with Beyond Bank, bringing with them 40,000 customers. * On 5 June 2024, Beyond Bank signed a Memorandum of understanding to investigate a potential merger with P&N Bank in

Perth Perth () is the list of Australian capital cities, capital city of Western Australia. It is the list of cities in Australia by population, fourth-most-populous city in Australia, with a population of over 2.3 million within Greater Perth . The ...

and BCU Bank (formerly Nambucca Banana Growers' Federation Members Credit Union, and later Bananacoast Community Credit Union) in

Coffs Harbour Coffs Harbour, locally nicknamed Coffs, is a coastal city on the Mid North Coast of New South Wales, Australia, north of Sydney, and south of Brisbane. It is one of the largest urban centres on the North Coast, with a population of 78,759 a ...

. It was described as a 'merger of equals' with the potential to form Australia's largest mutual bank. In September 2024, P&N announced it would not proceed with the merger P&N Bank pulls billion dollar merger with Beyond Bank after questions raised about Beyond boss
''

The West Australian ''The West Australian'' is the only locally edited daily newspaper published in Perth, Western Australia. It is owned by Seven West Media (SWM), as is the state's other major newspaper, ''The Sunday Times''. It is the second-oldest continuousl ...

'' 15 September 2024

References

{{Banking in Australia, state=collapsed Banks of Australia Banks established in 2013 Companies based in Adelaide Mutual savings banks Benefit corporations B Lab-certified corporations in Australia 2013 establishments in Australia