01/05/2012 - 14:47

Members support Police & Nurses rebranding

01/05/2012 - 14:47

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Members support Police & Nurses rebranding

Police & Nurses Credit Society members have overwhelmingly thrown their support behind a plan to re-brand the institution as P&N Bank.

Approximately 93 per cent of members voted in favour of the name change, which will come into effect from October 1, pending approval from the Australian Prudential Regulation Authority.

Chairman Eric Smith said the decision to re-brand was driven by recent federal government banking reforms.

“One of which was to allow some credit and building societies to call themselves banks,” Mr Smith said.

“Our research has shown a lack of understanding in the market as to who we are and what we can offer with up to 65 per cent of West Australians unwilling to bank with us because of our name.”

Chief executive Fred Huis said the name change would enable P&N to build its market share.

“I feel the new name is an important step towards building our reputation as a trusted and recommended provider of financial services,” Mr Huis said.

“We will continue to provide our members with the same competitive products, low fees and exceptional service that they have come to expect from Police & Nurses.”

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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