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bcu Media Centre

The bcu Media Centre is a dedicated resource for media outlets and journalists. Here you will be able to find all current and previous media releases.

For media enquiries, please call us on 1300 228 228 between 8am - 6pm Monday - Friday (AEST), or complete this form.


P&N Group appoints new General Manager, Business Banking

Police & Nurses Limited (PNL), operating as P&N Group, has announced the appointment of Jacqueline Ryan to the position of General Manager, Business Banking effective 16 May 2022.

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Successful issue of A$75 million Capital Notes

Police & Nurses Limited (“PNL”) is pleased to announce that it has successfully closed its A$75 million Capital Notes offering. The issue was oversubscribed by 1.4x supporting the confidence in the Capital Note issue.

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bcu passes on average term deposit increases of 0.27% p.a.

bcu will increase its term deposit rates by an average of 0.27% p.a., savings account interest rates by up to 0.15% p.a and will pass on lending rate increases of 0.15% p.a to its most popular owner occupied variable rate home lending products, following the Reserve Bank of Australia's (RBA) official cash rate change announced on Tuesday 3 May 2022.

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P&N Group half year financial results

P&N Group (Police & Nurses Limited) recorded solid financial results for the six-month period to 31 December 2021, delivering a net profit after tax of $9.8 million.

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P&N Group appoints Monish Paul to Board

Police & Nurses Limited (PNL) has appointed highly experienced corporate strategy and transformation executive Monish Paul to its Board of Directors, effective 21 February 2022.

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P&N Group appoints General Manager Broker to lead transformation

P&N Group has announced the appointment of Kaine Adamson to the newly created position of General Manager Broker, marking a major milestone in the organisation’s transformation journey.

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bcu provides modern banking alternative to Tweed Heads locals

Residents in Tweed Heads now have a convenient new banking option with the relocation of a bcu branch to the Tweed Heads CBD.

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Customer-owned banking group cements position in Open Banking

P&N Group, on behalf of its bank brands P&N Bank in WA and bcu in NSW and Qld, is the third customer-owned Financial Institution in Australia to become an Accredited Data Recipient under the Australian Government’s Consumer Data Right (CDR) Scheme as part of the Open Banking roll out.

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Strong momentum as local banking group embarks on transformation

Police & Nurses Limited (PNL) finished the year with a Group profit after tax of $16.7m off the back of above system growth in both deposits and lending, leveraging its two customer-owned banking brands, P&N Bank (WA) and bcu (NSW and Qld).

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Lower LVR mortgage customers rewarded with new bcu offer

Customer-owned bank bcu has announced the launch of an updated tiered pricing model for its OMG Home Loan, that will see eligible customers benefit in an interest rate reduction of up to 0.15% p.a.

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bcu launches cashback home loan offer, with a difference

In a move to benefit as many home buyers and owners as possible, customer owned bank bcu has released a cashback offer with a notable difference. New and existing customers who take out an eligible new home loan with bcu can earn up to $5,000 cashback per loan, calculated as 0.75% of the value of new loan amount.

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P&N Group partners with leading Australian fintech Frollo to re-imagine the future of banking

Customer-owned P&N Group, on behalf of its P&N Bank and bcu retail brands, has announced a new partnership with Frollo – a purpose-driven Fintech that is one of Australia's leading Open Banking providers – that will see the future of banking reimagined for its customers.

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P&N Group appoints new General Manager, Transformation Delivery

Police & Nurses Limited (PNL), operating as the P&N Group, has announced the appointment of Jamie Calder to the position of General Manager, Transformation Delivery effective 14 June 2021.

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Grant buys vital safety equipment for Murwillumbah Fire Brigade

The Murwillumbah Fire Brigade, a volunteer firefighting brigade of the NSW Rural Fire Service, has received $3,000 thanks to bcu’s Bill Ussher Community Grants to help purchase new safety equipment.

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P&N Group half-year financial results

Police & Nurses Limited (P&N Group) recorded pleasing first-half financial results for the period to 31 December 2020, delivering a net profit after tax of $6.3 million. The Group’s focus during this period was on continued growth, supporting customers through the ongoing impacts of the COVID-19 pandemic and the successful systems integration with bcu. 

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Fixed rate home lending products decrease

KEY POINTS

  • Rate reduction of up to 1.01% p.a. on fixed rate home lending products for owner-occupiers and 0.94% p.a. for investors.
  • Rate reduction of 0.10% p.a. for a variable rate home lending product for owner-occupiers.
  • We urge our Members to compare like-for-like rates in market. 

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P&N Group appoints new Chief People Officer and Chief Information Officer

Police & Nurses Limited (PNL), operating as the P&N Group, has announced the appointment of Warren Willis to the position of Chief Information Officer (CIO) effective 7 December 2020 and Christine MacKenzie to the position of Chief People Officer (CPO) effective 4 January 2021.

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Cautious approach in the midst of COVID-19 challenges

Media Release

P&N Group will take a prudent approach in the midst of continuing uncertainty about the full economic impact of the COVID-19 pandemic.

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Global transformation heavyweight appointed to P&N Group

Media Release

Phil Thistlethwaite has been appointed the Chief Transformation Officer for P&N Group effective 1 September 2020.

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Police and Nurses Limited announce Chair-elect

Media Release

Paul Gabb, Chair of Police & Nurses Limited* (PNL) will retire at the organisation’s AGM in November after seven years in the role.

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bcu passes on full 0.25% rate cut

Media Release

In an announcement made today bcu has committed to passing on in full the rate reduction of 25 basis points to all variable home loan products. The rate reduction will apply to both owner occupier and investor variable home loans.

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bcu Bowraville branch update

Media Release

bcu temporarily closed our Bowraville branch on 30th January 2020 in response to an escalating number of security incidents that occurred in and around the branch since late last year.

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Local Lender bcu responds to RBA interest rate cut

Media Release

bcu, the member owned financial services institution has committed to passing on the latest Reserve Bank of Australia's (RBA) interest rate cut of 0.25% p.a.to the following products:

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