16 May 2022: Heritage has made changes to fixed home loan, business lending and Secure Super interest rates. Read more.
Frequently Asked Questions
Where are we at in the process?
A comprehensive due diligence process has been completed.
After considering the results of the due diligence, the Boards of Heritage and People’s Choice have today (13 April 2022) announced their approval for us to move forward with the merger planning.
The Boards unanimously agree that the merger is in the best interests of members.
Detailed analysis of the merger proposal, incorporating learnings from the recently completed due diligence process, has confirmed that the proposed merger is a unique and compelling opportunity to combine the best of two member-driven and complementary businesses, while increasing support for community and environmental initiatives.
Heritage and People’s Choice proceed with merger plans
Moving forward with plans to create one of Australia’s largest customer-owned banking organisations with approximately 720,000 members and $22.5 billion in total assets.