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Today marks an important milestone as the merger-of-equals between G&C Mutual Bank and Unity Bank takes effect, with the legal merge and banking system integration taking place on 7 March 2025. This follows the earlier regulatory approval and overwhelmingly positive member vote and is the culmination of over 18 months of planning and collaboration by staff across both organisations. Unity Bank CEO Danny Pavisic and G&C Mutual Bank CEO Rosanna Argall noted that the successful completion of the merger helps secure a strong future as one of Australia’s leading mutually owned banks. "Both organisations have always prioritised the needs of our members and the communities we serve, and this merger creates an even stronger platform for us to fulfill that mission. As we move forward together, we are excited to offer even greater benefits to our members and continue our legacy of trust, service, and community engagement.” Member benefits of the merger include access to an expanded branch network, continuity of access to exceptional staff and face-to-face service, improved product range with fewer and lower fees, increased ability for technological investment, scale efficiencies and a continued commitment to member first principles of mutuality. At a combined $3.8b in assets, the merger provides even greater opportunity to continue the strong growth of the organisations, with both having tracked well above system growth in recent years. The merged entity will be G&C Mutual Bank Limited immediately following the merger, changing to Unity Bank Limited from 1 July 2025. The G&C Mutual Bank, Unity Bank and Reliance Bank brands will be retained and consolidated into a single Unity Bank brand over the next 12 months.

As part of the merger with G&C Mutual Bank, members are advised that the Account and Access Facilities Terms and Conditions of Unity Bank and G&C Mutual Bank have been combined. While there are no significant changes to the terms themselves, we want to ensure that members are informed about this update. The combined Account and Access Facilities Terms and Conditions are effective as of 7 March 2025. We recommend you take the time to read through the Account and Access Facilities Terms and Conditions, to familiarise yourself with the document and understand how it may impact you. By using your account and access facilities with Unity Bank and G&C Mutual Bank after the date the changes take effect, you agree to the combined terms and conditions applying.

We are reducing the interest rate for the following savings products, effective 1 March 2025. MoneyMAX Account (S12) for balances $1 and over interest rate reduced by 0.35% to 4.35%1 Bonus Saver Account (S7) for balances $1 - $100,000 interest rate reduced by 0.25% to 4.20%2 Power-Up eSaver Account (S6) for balances $1 and over interest rate reduced by 0.25% to 2.65%3 Christmas Savings Account (S4) for balances $1 and over interest rate reduced by 0.25% to 1.60%4 Pensioner Security Account (S8) for balances $1 - $45,400 interest rate reduced by 0.25% to 2.61%5 Pensioner Security Account (S8) for balances $45,400.01 and over interest rate reduced by 0.25% to 2.75%5 For more details, please visit the Savings Interest Rates page here.   Important Information Eligibility criteria, terms and conditions, fees and charges apply. All information including interest rate is subject to change. Interest rates are on a per annum basis. These products are issued by Unity Bank Limited ABN 11 087 650 315 AFSL/Australian Credit Licence 240399. Reliance Bank is a division of Unity Bank Limited. You should consider our Account & Access Facilities Conditions of Use before making a decision. 1. Interest is calculated daily and paid monthly. Interest rate applies to account balances over $1. 2. Bonus interest rate applies to account balances under $100,000 if those accounts have a minimum monthly deposit of $50 and no withdrawals, transfers within the calendar month. Standard interest rate applies to account balances over $100,000, and up to $100,000 if the account does not meet above criteria for bonus interest rate. Example: Member’s bonus saver account balance is $112,413.59 at the end of the month. During the month member has deposited $50 and made no withdrawals. Bonus interest is payable on $100,000 and standard interest is payable on $12,413.59. Interest is calculated daily and paid monthly. Bonus interest rate is currently 4.19% and standard interest rate is currently 0.01%. Rates are subject to change. Personal banking only. Only one bonus saver account can be opened per membership. 3. Interest is calculated daily and paid monthly. 4. Interest is calculated daily and paid quarterly. Withdrawals only available from 1 November to 31 January. 5. Interest is calculated daily and paid quarterly. Special Note: Members over 65 years of age are automatically exempt from paying the Monthly Usage Fee, no application for exemption forms are required.

Your Unity Bank Visa card is giving you new ways to win! Pay with your Unity Bank Visa Card and you could win a trip to the Melbourne Race Weekend. It’s easy: simply use your Unity Bank Visa Card between 13 January, 2025 to 20 February, 2025 and every 10 qualifying transactions will earn an entry. The more transactions, the greater your chance to win.  Prizes include: 1 of 4 Melbourne Race Trips including flights* and 4 nights’ accommodation Or 1 of 16 exclusive merchandise packs So, get tapping and you could be off to the races!   T&Cs apply (visa.com.au/promotions/terms-and-conditions-cuscal-race-weekend.html). AU 18+, Visa debit/credit card holders issued by Participating Financial Institutions (see terms). Ends 20/2/25. 1 Prize p/person (excl SA) *Including $2k flight voucher for flights NSW Authority No. TP/04034. ACT Permit No. TP24/02971. SA Permit No. T24/2262.

Merger Confirmed  I am delighted to advise that our members have voted overwhelmingly in favour of a merger with G&C Mutual Bank. A vote of 93% in favour from our membership is a resounding endorsement of this unique merger of equals. On behalf of the Unity Bank Board and myself, thank you for your confidence and support.   What happens next? Now that the merger is formally approved, preparations are well underway for the integration of banking systems onto the one platform on the 7th of March 2025. For some members this may mean some one-off changes to your banking from that date, and these details will be communicated to you directly in the weeks prior to the 7th of March, along with supporting information to assist you with the transition. There is nothing you need to do until then. In the meantime, the merger page on our website will be regularly updated with information about the progress and next steps plus the help available to you to assist with the transition.   Danny PavisicCEO, Unity Bank

2024 was another highly successful year for Unity Bank. Review our financial summary and see how our Member-first approach has made all the difference. Read Now DownloadIf you would like to receive a hard copy of the 2024 Annual Report, please give us a call at 1300 36 2000 or send an email request to mail@unitybank.com.au