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Community First Bank is an Australian bank founded in 1959 as the Sydney Water Board Credit Union, with branches in Sydney and the coastal region, as well as a branch in the USA.
The bank previously operated under the names Elcom Credit Union, SWB Family Credit Union, SWB Community Credit Union, The Lakes Power Plant Employees Credit Union, Dana Employees Credit Union, Croatian Community Credit Union and Hibernian Credit Union.
Community First Fund Credit Union
In 1959 the Sydney Water Board Employees’ Credit Union was formed. At an organizational meeting on 5 August 1959, 63 workers became the first members of the Sydney Water Board Credit Union. Membership was initially limited to full-time membership of the Metropolitan Water, Sewerage and Drainage Board (formerly Sydney Water). The loan amount was less than $300 ($600 at 1966 conversion rates). In its first financial year, the credit union had 331 members and assets of £15,565 ($31,130).
In 1961 the credit limit was increased to £750 ($1,500). By FY61-62 there were 1,052 members with assets of £127,429 ($254,858). In 1964, the credit union was founded with the purchase of NCR’s first national accounting machine to maintain member accounts. In 1967 the Council agreed to change its name to the Sydney Water Authority Employees’ Credit Union. In 1968, the Credit Union purchased a new four-storey office building at 125 Bathurst Street in Sydney, the Co-op Building, for $250,000. In 1972, members’ accounts and transactions were fully computerized. 1973-1976 Continued growth during this period led to the opening of offices in Wollongong, Miranda, Preeth and Liverpool. Membership consists primarily of Water Board employees, including the Board’s contractors and manufacturers. Trade unions such as TAA (Trans Australia Airlines), Glass Containers and Sterlec joined the loan agreement.
The merger of the TAA made it the first non-Water Board organization to have a woman director, Margaret Slater. In 1974, following a change in composition, the name of the credit union was changed to SWB Family Credit Union Ltd. 267. In 1981, SWB Family Credit Union was merged with Martin Wells Credit Union. In 1981, the credit union moved to Pritt as a credit union for all residents, not just laid-off workers. This was followed by similar expansions in Liverpool in 1983 and Hornsby County in 1984. New offices have opened in Campbelltown, North Ryde and Dee Wade.
From a service credit union to a community group, the name changed to S.W.B. Community Credit Union LLC In 1983, Rediteller ATMs opened and all members were issued Redicarts for use at approximately 500 ATMs nationwide. In 1984, the Credit Union Visa card gave its members access to their money virtually anywhere in the world. During this time, AMOCO also worked with the Employees Credit Union. Membership grew to 21,941, with $28,585,671 in deposits and $31,756,576 in assets. In 1986, the Credit Union merged with Wool Brokers & Trustees Credit Union. In 1989, the credit union had 31,355 members with total assets of $75,615,583. That same year, $35,530,000 in loans were issued. The Bathurst Street building was sold and the headquarters moved to Auburn.
Ohio Valley Community Federal Credit Union
In 1993, members decided to change the name of the credit union from SWB Community Credit Union Ltd to Community First Credit Union. Membership has been expanded to include all residents of Greater Sydney. By 1999, membership had exceeded 57,000, with $210 million in deposits and $199 million in loans, this time again merging with Manchester Unity Credit Union LLC. In 2000, he became a partner in Grand United Credit Union. In September 2001, online banking was introduced, giving members 24-hour access to their accounts. Assets exceeded US$300 million for the first time.
In 2002, First Community Credit Union launched an online version of Easy Street Financial Services, offering online savings accounts to its members nationwide. The credit union has also become a supporter of Sheppard County, supporting deaf children and their families. In 2006, Community First Credit Union merged with Dana Employees Credit Union. The brand was also redesigned with a new logo and corporate colors.
On May 12, 2006, CEO Paul Johnson, along with Community First Credit Union CEO John Tanevski, announced the merger of the two organizations. Its main office is in Auburn. Subject to approval by the Australian Prudential Regulation Authority, the merger will be discussed at the annual general meeting of all credit unions in October, with the merger commencing on 1 November 2006. has its own name. Auburn office and regional office in Gorokan.
In 2008, First Community Credit Union merged with Croatian Community Credit Union and Hibernian Credit Union, adding 2,000 new members.
Community First Credit Union, W6089 County Road Kk, Appleton, Wi
Elcom Credit Union is an Australian credit union founded in 1966 at Newvale Doyalson Mine as the Newstan Mine Employees’ Credit Union. In the 1970s, after acquiring Newvale Colleries and Elcom Colleries, it changed its name to Elcom Credit Union.
Elcom Credit Union operates from the Elcom Colleries offices in Doyalson. Until 1983, the only way for members to receive money was through a mailed check. At that time, Elcom had 3,125 members with approximately $6,000,000 in assets. In 1983, the Extraordinary General Assembly decided that membership should be open to the public, making it a community partnership rather than a corporate loan agreement. Five branches were subsequently opened in Toukley, Toronto, Morissa, Swansea and Wyong.
In May 1987, Elcom held a special meeting and decided to merge the credit union with the Lakes Power Plant Employees Credit Union. Before the merger, Elcom had 6,492 members and revenues of over $15,000,000. The merger created branches at Eraring Power Station, Vails Point Power Station, Gorokan, Trans, and new branches at the Liddell County Mines and the Belmont Sportsmen’s Club. larger object. Branches at Manmora Power Station. At the beginning of the year, Elcom moved
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