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A.C.N. 087 652 024 Pty Limited
Heritage Bank is a Proprietary Company that generates the majority of its income from the Credit Unions and Building Societies industry. In 2023 the company generated total revenue of $679,600,000 including sales and other revenue. In 2023 Heritage Bank had 895 employees including employees from all subsidiaries under the company's control. The Chief Executive of Heritage Bank is Mr Peter Lock whose official title is Chief Executive Officer. The Chairman of Heritage Bank is Mr Michael Cameron whose official title is Chairman. Heritage Bank services can be divided into three business divisions: Personal Banking: The bank provides personal banking services such as accounts, credit cards, term deposits, insurance, financial planning, and international travel banking. Loans: The bank provides personal loans including car loans, as well as home loans and business loans. Business Banking: The bank provides business banking services such as loans and overdrafts, business insurance, self-management super funds, farm management deposit and general support. Heritage Bank also provides charitable foundation services, community events and sponsorships. On March 1st 2023, Heritage Bank announced merging with People's Choice Credit Union. The new merged entity will continue trading under the existing brand names for an interim period of approximately 12 months before commencing integration.
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What's included in this industry analysis
IBISWorld's research coverage on the A.C.N. 087 652 024 Pty Limited includes market sizing, forecasting, data and analysis. The most recent publication will be as current as of March 2026.
Company Details
What’s this enterprise profile about?
A.C.N. 087 652 024 Pty Limited, trading as Heritage Bank, operates under the ABN and was incorporated on 13 October 1981. A.C.N. 087 652 024 Pty Limited primarily operates in the Credit Unions and Building Societies industry in Australia.
Key Personnel
What’s included in the Key Personnel chapter?
The Key Personnel chapter outlines the principal leadership positions within A.C.N. 087 652 024 Pty Limited, including the Chairman, Board members, Chief Executive Officer, and other key management personnel. It provides an overview of the company’s governance and executive structure, along with a breakdown of gender diversity across leadership roles, offering insight into the composition of the organisation’s senior team.
Financials
What’s included in the Financials chapter?
The Financials chapter presents A.C.N. 087 652 024 Pty Limited’s historical financial performance, including detailed profit and loss statements outlining sales revenue, cost of sales, and profitability. It also incorporates balance sheet data, providing a breakdown of assets and liabilities, as well as additional financial metrics such as the number of shares on issue. Together, these disclosures offer a comprehensive view of the company’s financial position and performance over time.
Growth & Ratios
What’s included in the Growth & Rations chapter?
The Growth & Ratios chapter provides historical data on key financial performance indicators, enabling an assessment of the company’s operational efficiency, profitability, and financial structure over time. Metrics covered include return on equity, return on assets, profit margins, revenue per employee, as well as gearing and leverage ratios, offering a comprehensive view of performance trends and capital management.
Operating Segments
What’s included in the Operating Segments chapter?
The Operating Segments chapter provides an overview of the revenue composition and asset allocation across the various industries in which A.C.N. 087 652 024 Pty Limited operates. It offers insights into how the company’s financial performance is distributed among its core business segments, highlighting the relative contribution of each industry to total revenue.
Competitor Benchmarking
What’s included in the Competitor Benchmarking chapter?
The Competitor Benchmarking chapter includes a comparative assessment of A.C.N. 087 652 024 Pty Limited’s key financial, growth, and valuation ratios against industry averages to evaluate its competitive position. It analyses valuation metrics such as price-to-earnings, price-to-book, enterprise value to EBITDA, and enterprise value to sales, alongside core financial indicators including liquidity ratios and profitability measures.
Shareholders
What’s included in the Shareholders chapter?
The Shareholders chapter provides a breakdown of the ownership structure of A.C.N. 087 652 024 Pty Limited, identifying key shareholders and outlining their respective ownership interests. This section offers insight into the concentration of shareholdings, the presence of institutional or strategic investors, and the overall distribution of equity within the company.
Subsidiaries
What’s included in the Subsidiaries chapter?
The Subsidiaries chapter provides an overview of the companies and business entities that are wholly or partially owned by A.C.N. 087 652 024 Pty Limited. It outlines the ownership structure of each subsidiary, offering insight into the broader corporate group and how these entities contribute to the company’s overall activities and performance.
History
What’s included in the History chapter?
The History chapter presents a overview of A.C.N. 087 652 024 Pty Limited’s development, highlighting key milestones and significant corporate events since its incorporation. It includes the company’s incorporation date and outlines major strategic, operational, and structural developments, providing context for its evolution and current market position.
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Frequently Asked Questions
What is A.C.N. 087 652 024 Pty Limited?
Heritage Bank services can be divided into three business divisions: Personal Banking: The bank provides personal banking services such as accounts, credit cards, term deposits, insurance, financial planning, and international travel banking. Loans: The bank provides personal loans including car loans, as well as home loans and business loans. Business Banking: The bank provides business banking services such as loans and overdrafts, business insurance, self-management super funds, farm management deposit and general support. Heritage Bank also provides charitable foundation services, community events and sponsorships. On March 1st 2023, Heritage Bank announced merging with People's Choice Credit Union. The new merged entity will continue trading under the existing brand names for an interim period of approximately 12 months before commencing integration.
What industry does A.C.N. 087 652 024 Pty Limited operate in?
A.C.N. 087 652 024 Pty Limited, trading as Heritage Bank, is a Private Company that generates the majority of its income from the Credit Unions and Building Societies industry in Australia.
Where is A.C.N. 087 652 024 Pty Limited located?
Murray Cod Australia Limited company is based at 400 Ruthven Street, Toowoomba, Queensland, Australia.
Who is the CEO of A.C.N. 087 652 024 Pty Limited?
The Chief Executive Officer of A.C.N. 087 652 024 Pty Limited is Michael Cameron and the Chief Executive Officer is Peter Lock.
What was A.C.N. 087 652 024 Pty Limited’s revenue in 2025?
In 2025, A.C.N. 087 652 024 Pty Limited generated total revenue of approximately $679.6 million.
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