History
It has merged with a number of other credit unions in its history, including the Northern Territory Credit Union. In August 2009, it announced plans to merge with another credit union, Savings & Loans, with the first post-merger branch opened in December 2010.
On 27 June 2011, members of the credit union voted to change the name to People's Choice Credit Union, this change was adopted on 18 July 2011. Ironically, the members of Australian Central Savings and Loans were not given a list of names to choose from. They were given one name at a time, in ignorance of any other possible names, until there were enough votes to approve the name they were asked to vote about. The first name proposed was People's Credit Union. This name failed. The second name proposed was People's Choice Credit Union which passed the vote in the 27 June meeting.
Read more about this topic: People's Choice Credit Union
Famous quotes containing the word history:
“The History of the world is not the theatre of happiness. Periods of happiness are blank pages in it, for they are periods of harmony—periods when the antithesis is in abeyance.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“Jesus Christ belonged to the true race of the prophets. He saw with an open eye the mystery of the soul. Drawn by its severe harmony, ravished with its beauty, he lived in it, and had his being there. Alone in all history he estimated the greatness of man.”
—Ralph Waldo Emerson (1803–1882)
“As History stands, it is a sort of Chinese Play, without end and without lesson.”
—Henry Brooks Adams (1838–1918)