Media Centre

P&N Group were last week named winner of the Gerard Daniels Human Resource Management Excellence Award in the 2023 AIM WA Pinnacle Awards for the successful implementation of the organisation’s cultural renovation initiative.

BCU Bank today announced a partnership with charity Orange Sky Australia to provide practical community support for people experiencing homelessness and hardship.

Police & Nurses Limited (PNL) through its two customer-owned banking brands, P&N Bank (Western Australia) and BCU Bank (New South Wales and Queensland), ended the year with Group profit after tax of $19.5m, up 18% on the previous year.

P&N Group have announced a new partnership with trusted brand atmx by Armaguard to offer fee-free services to its P&N Bank and BCU Bank customers Australia-wide through their ATM network.

P&N Group is expanding its national footprint through its bank brands, P&N Bank in Western Australia and BCU Bank in New South Wales and south-east Queensland, with an enhanced broker offering that is delivering significant growth for the organisation.

BCU Bank (BCU), a division of P&N Group, has launched a new personal financial empowerment tool - mymo by BCU - to its customers under the Australian Government’s Consumer Data Right (CDR) Scheme as part of Open Banking.

Police & Nurses Limited (PNL), operating as the P&N Group representing P&N Bank in WA and BCU in NSW/Qld, has announced the appointment of Therese Turner to the role of Chief Customer Officer (CCO) effective 16 January 2023.

BCU Bank (“BCU”), a division of P&N Group, has launched their brand refresh on the back of winning multiple awards for their competitive product range and the recent launch of a new banking companion app, mymo by BCU. 

Customer-owned P&N Group, which operates P&N Bank (Western Australia) and BCU (New South Wales and south-east Queensland), has launched PayTo, a New Payments Platform (NPP) service that offers a new way for customers to pre authorise real-time payments to businesses from their bank accounts.

Police & Nurses Limited (PNL) through its two customer-owned banking brands, P&N Bank (Western Australia) and BCU (New South Wales and Queensland), ended the year with Group profit after tax of $16.6m, similar to the prior year.

Police & Nurses Limited (PNL), operating as the P&N Group, has announced the appointment of Chris Malcolm to the new position of General Manager, Data & Open Banking effective 1st August 2022.

P&N Group has reached a milestone in its major strategic transformation, realising early benefits that will deliver a more customer-centric bank of the future for current and future customers, through efficient and agile ways of working.

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.

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.

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.

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.

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

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.

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

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.

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).

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.

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.

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.