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Merger Update – message from Steve Targett

The merger with P&N Bank has been approved by both bcu and P&N Bank members. Both groups of members returned a favourable vote of 87%, exceeding the required 75%. The appropriate approvals have now been received from our regulators, and we are commencing as one organisation from 1st November.

We are grateful for the overwhelming support and interest from members, that shows your engagement with the bcu brand, and your commitment to customer-owned banking.

As one organisation, we will now have improved size and scale to remain competitive and continue to provide the best possible banking experience to our members.

This exciting chapter in our future will be shaped by our staff and members, and will be led by CEO Andrew Hadley, and General Manager bcu Mike Ribbens.

You can find out more about Andrew Hadley and Mike Ribbens in this bcu news article.

Thank you for your ongoing support of bcu. If you have any questions, please don’t hesitate in speaking with one of our friendly local store teams, calling our contact centre on 1300 228 228 or emailing This email address is being protected from spambots. You need JavaScript enabled to view it..

Steve Targett

Deputy Chair, Police & Nurses Limited – formerly Chair, bcu