Tuesday 1st May 2018

Police Bank is pleased to confirm that the transfer of Heritage Isle Credit Union (HICU) into the Police Bank business took effect this morning.

Police Bank Chair David Walton explained that “this is the first step in the process of bringing the businesses together which means we are now one organisation with assets of over $1.9Bn and more than 73,000 members”.

Mr Walton took the opportunity to thank the Chair and Directors of Heritage Isle for their service to the HICO  but noted their contribution is not ending – “I’m delighted to confirm that all the directors will continue to assist the business. Ms Liz Swain has joined the Board of Police Bank with all the other Directors now appointed to the Bank’s Heritage Isle Advisory Committee. We are confident this will ensure we are serving our Tasmanian Members well”.

Police Bank CEO Tony Taylor confirmed that the Bank’s Tasmanian operations will trade under a new brand ‘Bank of Heritage Isle’. Mr Taylor explained that “retaining the Heritage Isle name reflects our ongoing commitment to the region as does our retention of our Tasmanian Branches and all the Tasmanian team members”.

Mr Taylor confirmed that Annette Griffin would continue to lead the Heritage Isle business as the General Manager – Bank of Heritage Isle. Ms Griffin explained she was pleased to be continuing to lead the team in Tasmania and was looking forward to ensuring that Heritage Isle continued to offer excellent service to current and future members. “I assure you that although our name is slightly different, we are still committed to excellence and our Members will continue to have the support of our great local team”.

From this morning the Bank of Heritage Isle logo will appear on Branches, the website and all electronic banking services. Members will find that despite the name change, there is no change to how their accounts operate, how they access services or where they can contact Heritage Isle. Bank of Heritage Isle Members will receive full details of the transition as the business takes steps to complete the integration of the businesses. Details will also be available from the Police Bank and Heritage Isle websites.