Companion Credit Union was an Australian

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 ...

that operated between 1975 and 2010, and became part of

Beyond Bank Australia Beyond Bank is an Australian customer-owned bank operating in South Australia, Victoria, the Australian Capital Territory, Western Australia and New South Wales. It provides financial services to its members, including savings and business ac ...

History

In 1974 a group of

Hunter Valley 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 and its ...

coal miners began talks with the credit union league in

Sydney Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Syd ...

, who approved the commencement of a new credit union. On 6 January 1975 the Northern Mineworkers Credit Union opened its doors for the first time. Originally the first office was a backroom at the Northern United Mineworkers Federation headquarters in

Newcastle Newcastle usually refers to: *Newcastle upon Tyne, a city and metropolitan borough in Tyne and Wear, England, United Kingdom *Newcastle-under-Lyme, a town in Staffordshire, England, United Kingdom *Newcastle, New South Wales, a metropolitan area ...

. In 1988 the credit union changed its name from the Northern Mineworkers Credit Union to Companion Credit Union and opened its doors to the general public, so that anyone could be a member. In 2009, credit union members voted to merge with Community CPS Australia and the merger took effect on 1 January 2010. On 1 August 2013 it became a

mutual savings bank A mutual savings bank is a financial institution chartered by a central or regional government, without capital stock, owned by its members who subscribe to a common fund. From this fund, claims, loans, etc., are paid. Profits after deductions ...

called

References

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External links

www.companion.com.au
Credit unions of Australia Financial services companies established in 1974 Financial services companies disestablished in 2009 1974 establishments in Australia 2009 disestablishments in Australia