Heritage Bank members to have their say on merger proposal

13 October 2022

Heritage Bank members can now have their say on the planned merger with People’s Choice Credit Union, with the distribution of a Notice of Meeting and detailed Member Information Booklet on the proposal starting today (Thursday, 13 October).

The member vote on the merger takes place in Toowoomba on Wednesday, 16 November 2022.

The Booklet will be distributed to members over the next few days and contains comprehensive information about the merger proposal, and the voting process.  

This includes the ability for members to go online immediately and appoint a proxy to vote on their behalf. 

CEO Peter Lock urged members to carefully read the Booklet and to make their vote count.

“We strongly believe the planned merger with People’s Choice is in the best interests of our members and the future of Heritage Bank,” Mr Lock said.

“We’ll gain the added strength needed to deliver more for our members, while staying true to our values and our people-first approach.”

“People’s Choice are the perfect fit for us. They are also a mutual, owned by their members, so they share our values and culture.”

“They are very similar in size so this would be a true merger of equals.”  

“We complement each other perfectly, and together we can create a strong new national mutual that will offer a compelling alternative to the big banks.”

“Best of all we will remain true to what we stand for and continue to strongly support our members and the communities they live in.”

“I encourage all members to vote yes in favour of the proposal and help us create an even brighter future for Heritage.”

For more information and to view an online version of the Member Information Booklet, please go heritage.com.au/merger.