Exciting News! The merger vote has been approved!

We are excited to announce that members of Community First Credit Union and Illawarra Credit Union have voted in favour of the merger following the Special General Meetings of both organisations on Thursday 12 December 2024. This pivotal decision marks the beginning of an exciting new chapter for both financial institutions, by enhancing our resources, capabilities, and ability to serve our members and community.

We are equally thrilled to be welcoming members of Illawarra Credit Union into the Community First family. Please stay tuned for more updates on what this merger means for you, our members, and our communities.

An exciting step forward

By combining our strengths into one, larger community-focused financial institution, we are better positioned to meet the needs of our members while maintaining our high standards of service.

This merger will create valuable member benefits, setting the stage for future growth and expanding our reach.

With almost 80,000 members, and combined assets of approximately $2.5 billion, the new entity is primed to build greater strength and resilience in today’s competitive banking market.

What’s next?

The amalgamation of two financial institutions is no small feat, and teams across both organisations are working together to ensure a smooth transition for all members.

The transfer of business will take place in early 2025, with the system integration later in the year. Rest assured, we’ll be keeping members up to date with what changes to expect and will be working to ensure there is as little disruption as possible.

You can refer to our website or reach out to our friendly team at any time if you have any questions in relation to the process.