Notice of share refunds

In communications sent to Illawarra Credit Union (ICU) members in late 2024, we advised that upon the merger taking effect, the following would occur:

• • each member of ICU who is not already a member of Community First Credit Union (CFCU) will become a member of CFCU and will be issued with a fully paid-up member share in CFCU with a subscription price of $2;
  • each member share in ICU will be cancelled, other than the member shares of the Directors of ICU;
  • each member of ICU will be entitled to be paid by CFCU the amount paid up on their ICU member share.

 As part of the first step in this process, some ICU members may notice a $5 credit to their account on 21 October 2025. This represents the refund of a previous shareholding in the credit union.

As we complete subsequent stages of the above process over the coming weeks, we will update this article.

 If you have any questions about this process, please don't hesitate to reach out to our team by emailing online@cu.com.au or calling our team on 1300 13 22 49.