16 May 2022: Heritage has made changes to fixed home loan, business lending and Secure Super interest rates. Read more.
Frequently Asked Questions
Why are we proposing a merger?
Heritage exists for one reason: to support members to achieve their financial goals. The proposed merger with People’s Choice will allow us to do that even better.
By bringing our two organisations together, we will have the scale needed to deliver more for members through better products, services, digital capabilities and competitive pricing.
There is no better partner for Heritage than People’s Choice. Not only are we alike in size, we also share very similar values, goals and an absolute member focus. This will be a true merger of equals where we bring the best of the two organisations together to benefit members.
Together, we will create a national member-owned banking organisation with 720,000 members, 1,800 employees, $22.5 billion in assets and 95 branches across South Australia, Victoria, New South Wales, Queensland and the Northern Territory.
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.