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CUA flogs health arm, signals spending spree

James Frost

Australia’s largest credit union, CUA, has sold its health insurance arm and plans to invest the proceeds by growing its core banking offering.

CUA, which will rebrand as Great Southern Bank next Tuesday, sold its health insurance business and 40,000 policies to Perth-based HBF but declined to specify the sale price.

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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/cua-flogs-health-arm-signals-spending-spree-20210526-p57v9o