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Opportunity for our future

As a member-owned credit union, our community and members are at the centre of everything we do.

We have been providing better banking services to our members for nearly 50 years, and we want to continue and improve our member services. This is why we are excited to share that the bcu board has signed an exclusive agreement to investigate a potential merger opportunity with Western Australian, customer-owned, P&N Bank.

To find out more, watch the video below.


A: bcu has signed an agreement to exclusively investigate a merger with Western Australian, customer-owned P&N Bank. Under the proposal, P&N Bank, which operates only on the west coast, would share its systems, digital banking technology and capabilities with bcu. Both banks would maintain their brand, staff, offices and branch networks on opposite coasts. So, very little would change for members – except that bcu’s services would be enhanced. If all the terms of the agreement are satisfied, including bcu completing a satisfactory due diligence process and following that a member vote to make the final decision, any change is likely to take effect in late-2019.

A: Our industry is facing many challenges, including rising costs, decreasing margins and an increase in required investments in technology and compliance. A partnership with P&N Bank would pave the way for a bright future for bcu’s brand, branches, local employees, members and investment in the region. This partnership would give bcu the opportunity to share the best of each other’s products, services and systems.

A: P&N Bank’s origins go back to 1969, and it is committed to enriching the lives of its local communities, just like bcu. Our values as an organisation align well with P&N Bank’s.

P&N Bank is based in Western Australia, which means that if this merger goes ahead, bcu members and staff would have access to a nation-wide network along both coasts of Australia. This merger would be mutually beneficial to each organisation, with our values and skillset complementing each other.

A: There is nothing our members need to immediately do. In the new year, we will be inviting members to participate in a range of forums and share their ideas, views, questions and comments with us. We would love all members to get involved in shaping bcu's future.

A: If you have any further questions, please don’t hesitate to call our contact centre 1300 228 228, speak to our friendly in-store teams or email This email address is being protected from spambots. You need JavaScript enabled to view it.