The Board of Directors of both Community First Credit Union and CAPE Credit Union are very pleased to announce the merger of both mutuals, with Cape members overwhelmingly voting (97%) “YES” to merge with Community First on 30 May 2018 during a special general meeting.
We are excited to welcome our new Cape members, who will now have access to more advanced technology, an expanded store network and a larger range of products and services, with Cape staff being integrated into our expanded organisation. Current Community First members can also look forward to having a store presence in the Sutherland Shire, where Cape has its headquarters.
This merger ensures that the combined membership of both credit unions continues to have access to a credit union that not only meets their current and future financial needs in this highly competitive environment, but is also a financially stronger and successful banking alternative for the benefit of members and the wider community.
The merger is expected to be formalised by the end of this month and completed by August 2018.
Last updated: 21 June 2018
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