Credit union appoints new chairman

The newly elected chairman replaces an industry veteran who is set to retire from the board at the end of the year

Credit union appoints new chairman



Credit Union Australia (CUA), the country’s largest credit union, has announced the appointment of a new chairman with former PwC partner Nigel Ampherlaw to take up the position on 14 November.

The current chairman Alan Beanland is set to retire under CUA’s policy of a maximum nine year term for non-directors, which Beanland himself introduced during his time on the board. The policy is aimed at reinvigorating CUA’s leadership by introducing new perspectives and ideas on a regular basis.

Beanland has been in the role for eight years, becoming a member of the board in September 2009 and being elected as chairman later in the same year.

“I am proud of what CUA has achieved in my time as chairman and it’s been a privilege to have been part of that growth and success, particularly celebrating our 70 years of serving members,” Beanland said.

“Today, I can say with confidence that CUA is in a good position to continue driving innovation and building on our member-centric services.”

Coming from a chartered accountant background, Ampherlaw joined the CUA board as a non-executive director in March 2011. He is also a director for the Australian Red Cross Blood Service, Grameen Foundation Australia, Quickstep Holdings and Elanor Investor Group.

“Mr Ampherlaw is well placed to continue to lead the team with almost 40 years’ experience in financial services across risk management, technology, consulting and auditing, both here in Australia and within the Asia-Pacific region,” Beanland said.

It is an exciting time to become the chairman of CUA, Ampherlaw said, as the firm faced challenges of a changing digital landscape and consumer expectations.
“I am honoured to be elected to lead the CUA board through this dynamic next chapter, as we continue to embrace technologies and innovations that will allow us to make CUA available to our members anywhere, anytime,” he said.

“I’m also looking forward to seeing CUA continue to deepen its connections to members and communities through its Mutual Good community activities, and striving to make a positive social impact.”

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