Progress update on our merger with Pulse Credit Union Limited

1 June 2021

The proposed merger between Teachers Mutual Bank Limited and Pulse Credit Union has now been approved by both Boards of Directors. The next milestone in the merger process is to receive support from the regulator, APRA, to proceed.

Once regulatory approval is received, the merger proposal will be put forward to the Pulse Credit Union members in September at a Special General Meeting. Teachers Mutual Bank Limited members will not be required to vote on the proposal.