Blog and News articles

FOR IMMEDIATE RELEASE Thursday, 29 January 2026Regional Australia Bank and SWSbank announce intent to merge, creating stronger services for regional communities.Regional Australia Bank and SWSbank are excited to announce that they have signed a Memorandum of Understanding (MOU) to explore a potential merger, bringing together two customer-owned banks with a shared commitment to supporting regional Australians. The proposed merger is subject to due diligence and regulatory approvals.The proposed merger aims to combine the strengths of both banks to deliver more choice, greater access to services, and stronger support for local communities, all while maintaining the personalised, face-to-face banking experience members value.SWSbank CEO, Andrew Jones, said: "Our members and communities have always been at the heart of everything we do. By exploring a partnership with Regional Australia Bank, we see an opportunity to bring even more benefits to the people we serve. From enhanced services to stronger local support. Together, we can ensure our communities continue to thrive while keeping the personal connection our members rely on."Regional Australia Bank CEO, David Heine, added: "We’re thrilled to begin this journey with SWSbank. Both organisations share the same purpose: to support regional Australians, keep branches open, and invest in a sustainable future. By joining forces, we can deliver even greater value for our members, our people, and the communities we proudly serve."If the merger proceeds, the combined organisation would:• Manage approximately $5.5 billion in assets• Serve over 140,000 members• Maintain and grow local branches and face-to-face services• Continue investing in digital banking, security, and innovationThe merger also complements Regional Australia Bank’s ongoing expansion, including its merger process with Summerland Bank, further strengthening its presence and impact across regional Australia with over 50 branches staffed by local regional Australians.Both banks emphasise that this proposed merger is about more than scale, it is about strengthening communities, empowering members, and preserving the heritage and values of both organisations. The merged entity would initially operate under both brands, with future branding decisions made in consultation with members.About SWSbank Founded over 50 years ago, SWSbank is a customer-owned mutual bank serving the South West Slopes of New South Wales, with branches in Young, West Wyalong, Temora, and Cootamundra. The bank is known for its community engagement, local decision-making, and personalised service.About Regional Australia Bank Regional Australia Bank is a customer-owned mutual bank serving regional New South Wales, focused on providing personalised banking, keeping branches local, and reinvesting in communities. Founded over 50 years ago, it offers a full range of financial services while prioritising member value and regional prosperity.Media contact: media@regionalaustraliabank.com.au

SWSbank is proud to be able to provide sponsorship during the month of December to the following local community groups and clubs: Temora Business Enterprise Group (Annual Gift Horse Raffle 2025) Cootamundra Touch Football Cootamundra Beach Volleyball

For many years SWSCU’s automated Telephone Banking platform served as an efficient way for members to check their balances and transfer money between accounts from the convenience of their landline or mobile phone device.   Due to a decision by SWSCU’s provider, this service will be discontinued for all of their customers in Australia. This means effective from the 31st of March 2024 as a consequence SWSCU members will no longer have access to Telephone Banking services.   We understand that this may cause some inconvenience for some members, but there is some good news. Technology has come a long way since Telephone Banking was first introduced and SWSCU have endeavoured to stay current with member trends and demands. SWSCU has added new services to their digital banking offerings such as the new SWSCU App which includes How I Spend and Savings Goals not to mention the inclusion of Digital Wallets via provider such as Apple, Samsung and Android.   Members who are actively using Telephone Banking are asked to register for an alternative service before 31st March 2024 to prevent disruption to their banking.

Dear member, SWSCU has moved to enable SMS One Time Passwords (OTP) for all members that use internet banking. Using an OTP will enhance the security of your online transactions, by providing an additional layer of authentication. When you log in to your internet banking account or initiate a transaction, you will be prompted to enter the OTP. The OTP is simply generated by clicking the 'Get OTP SMS' button, which will generate a 6 digit code via SMS to your preferred mobile number which you have previously provided to SWSCU. Once the OTP is entered correctly, you will be granted access to your internet banking account. 

As of 23rd February 2023, SWSCU will be making changes to some of our account names. Rest assured the access, features and functionality that you have come to know will remain the same.   Product Previous Account Name New Account Name S1 General Savings Account Everyday Account S2 Savings Account Card Free Account S4 Budget Savings Account Budget Account S6 Teenager Savings Teenager Account S7 7 Day Notice Goal Account S8 Super Saver Junior Account Changes to account names Effective the 23rd of February 2023.