Nexus Mutual and Beyond Bank have merged.

On 17 February 2020, an overwhelming 93.4% of votes cast by Nexus Mutual’s members at a Special General Meeting (SGM) were in favour of the transfer resolution.

Nexus Mutual and Beyond Bank formally merged on 1 March 2020.

System integration has been planned for early June. Members will receive communication about any changes to their accounts in the coming months.

About Beyond Bank

Prior to becoming a customer-owned bank in 2013, Beyond Bank was one of Australia’s largest credit unions. Over the years, a number of like-minded organisations have joined Beyond Bank, supporting its core values of mutuality, putting the member first and strengthening local communities.

Fast facts

  • As at 30 June 2019, Beyond Bank has:
    • Total Capital of $484.1 million
    • Total Assets of $6.2 billion
    • Total Deposits of $4.6 billion
    • More than 40 branches servicing 240,000 customers nationwide
    • Over 500 employees
  • Beyond Bank maintains a community foundation which provides support, grants, sponsorship and gifting to the communities they serve.
  • 2017 and 2018 winner of the Australian Retail Banking Awards for Best Financial Institution in Corporate Social Responsibility.
  • Four-time winner of Canstar’s Customer-Owned Institution of the Year for Mobile and Online Banking
  • Proven experience in mergers, with 14 successful mergers to date.

Read our previous updates