Connect Financial

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Connect Financial was a Credit Union in Tasmania, Australia. It was formerly Connect Credit Union which resulted from the merging of two credit unions, the Teachers, Police and Nurses Credit Union and Savings & Loans. Because of its history many of the account holders are Tasmanian public servants. In recent years the corporation has expanded and taken on a new name in an attempt to acquire more customers particularly those outside its traditional base of public sector employees. The credit union holds elections amongst its account holders; of which 26% of members usually participate. In 2007, members agreed to a merger of Connect Financial with Island State Credit Union, to form MyState Financial.[1] Shareholders were given the option of cashing in their shares for approximately $900 at this time.

References[edit]

  1. ^ "MyState Financial". Mystate Financial Merger information. Retrieved 2011-12-08. 

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