Beyond Bank is an Australian customer-owned bank operating in

South Australia South Australia (commonly abbreviated as SA) is a state in the southern central part of Australia. It covers some of the most arid parts of the country. With a total land area of , it is the fourth-largest of Australia's states and territories ...

Victoria Victoria most commonly refers to: * Victoria (Australia), a state of the Commonwealth of Australia * Victoria, British Columbia, provincial capital of British Columbia, Canada * Victoria (mythology), Roman goddess of Victory * Victoria, Seychelle ...

, the

Australian Capital Territory The Australian Capital Territory (commonly abbreviated as ACT), known as the Federal Capital Territory (FCT) until 1938, is a landlocked federal territory of Australia containing the national capital Canberra and some surrounding townships. ...

Western Australia Western Australia (commonly abbreviated as WA) is a state of Australia occupying the western percent of the land area of Australia excluding external territories. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to th ...

and

New South Wales ) , nickname = , image_map = New South Wales in Australia.svg , map_caption = Location of New South Wales in AustraliaCoordinates: , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , es ...

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

B Corp In business, B Corporation (also B Lab or B Corp) is a private certification of For-profit corporation, for-profit companies of their "Social impact assessment, social and environmental performance." It is distinct from the legal designation as ...

History

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

Credit Union A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including depo ...

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. * 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, is a region of New South Wales, Australia, extending from approximately to north of Sydney. It contains the Hunter River and its tributaries with highland areas to the north and so ...

-based

Companion Credit Union Companion Credit Union was an Australian credit union that operated between 1975 and 2010, and became part of Beyond Bank Australia. History In 1974 a group of Hunter Valley coal miners began talks with the credit union league in Sydney, who ap ...

merged with Community CPS. * In June 2011 Wagga Mutual Credit Union, based in the Riverina NSW, 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 Australia. * In May 2016 Beyond Bank Australia acquired Universal Financial Planning in the Hunter region. * In June 2016 Beyond Bank Australia became a certified B Corp. * In February 2018 My Credit Union, based in NSW, merged with Beyond Bank Australia. * 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" (the phonetic p ...

employees credit union), based in Melbourne, merged with Beyond Bank. * On 1 April 2022, South West Mutual Credit Union, based in

Warrnambool Warrnambool ( Maar: ''Peetoop'' or ''Wheringkernitch'' or ''Warrnambool'') is a city on the south-western coast of Victoria, Australia. At the 2021 census, Warrnambool had a population of 35,743. Situated on the Princes Highway, Warrnambool (Al ...

, merged with Beyond Bank, bringing their 13,000 customers.

Subsidiaries

Trading as Beyond Bank Australia Wealth Management and headquartered in

Norwood, South Australia Norwood is a suburb of Adelaide, about east of the Adelaide city centre. The suburb is in the City of Norwood Payneham & St Peters, whose predecessor was the oldest South Australian local government municipality. History Before British colonis ...

, Eastwoods Wealth Management Pty Ltd offers financial planning services as a subsidiary of the bank.

References

{{Reflist Banks of Australia Banks established in 2013 Companies based in Adelaide Mutual savings banks Benefit corporations B Lab-certified corporations in Australia

History

Subsidiaries

See also

References