Transfer of Business from Hunter United Employees’ Credit Union to IMB Bank receives regulatory approval

April 24, 2020

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IMB Bank is pleased to confirm that APRA has approved the total transfer of business of Hunter United Employees’ Credit Union Limited (Hunter United) to IMB Bank.

The transfer will take place on 1 May 2020, at which time all members of Hunter United will become members of IMB Bank.

As previously foreshadowed, in order to facilitate a smooth transition, there will be minimal change to Hunter United’s members’ current banking arrangements until the two separate banking systems are integrated in the medium term.

Further communications with all members will occur over the course of the merger integration process.

An overview of the merged organisation is shown below:

  • Branches 53
  • Members 207,000
  • Employees 600+
  • Assets $6.3 Billion

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