Qantas Credit Union becomes a bank

The credit union will now be known as Qudos Bank. The name change came at the request of Qantas but was something the lender had been considering for some time.

Qudos Bank CEO Scott King said the new name and branding marks a significant milestone in the company’s history.

“Australia now has 12 credit unions which have made the move to include ‘bank’ in their name and have benefited from new membership and growth,” Mr King said.

“We’ll continue to be a customer-owned bank, with profits going back to our members in the form of better rates, fairer fees and more rewarding banking.”

As a part of the rebrand, Qudos also unveiled a new website, as well as an upgraded mobile banking app compatible with Android and Apple devices.

The bank said these changes represent phase one of its project to deliver technology enhancements over the next three years.

[Related: P2P funder announces rebrand]