Australian Mutuals Foundation and Credit Union Foundation Australia Sign MoU to Explore Merger

The Australian Mutuals Foundation (AMF) and the Credit Union Foundation Australia (CUFA) are pleased to announce the signing of a Memorandum of Understanding (MOU) to explore the merger of the two charities.

A combined entity would unite over 65 years of collective experience and dedication to alleviating poverty both in Australia and across the Asia-Pacific region. By joining forces, AMF and CUFA aim to deepen their impact, enhance operational efficiency, and expand the scale and reach of their support for vulnerable individuals and communities.

Darian Clark, CEO of CUFA, said: “At a time of growing need in Australia and our region, this merger will produce vital synergies as we combine our technical capacities and broad networks to deliver even greater impact in our partner communities.”

Paul Dawson, Manager of AMF, said: “This proposed merger represents a unique opportunity to build on the strong foundations laid by Australian Cooperatives and Mutuals who founded and support both organisations. Together, we will be able to achieve more for the people and communities we serve.”

The MOU outlines a framework for an integrated Board to govern the merged organisation and the appointment of a Chief Executive Officer. Leadership roles will draw on the strengths of both foundations to ensure continuity, capacity, and connection with key stakeholders.

Under the proposal:

• The Chair of AMF will chair the merged entity.

• Darian Clark will serve as Chief Executive Officer.

• Paul Dawson will continue in a key leadership role, managing strategic partnerships and stakeholder engagement.

Finalisation of the merger is subject to regulatory and member approvals, with a target completion date of March 2026.