The Australian Bank Officials' Association changed its name to the Australian Bank Employees' Union in 1978. In July 1991 it amalgamated with the other major player in the banking and insurance industries, the Australian Insurance Employees' Union to create the Finance Sector Union of Australia. Three smaller unions also amalgamated: the AMP Society Staff Association, Trustee Companies Officers' Association and Wool Brokers' Staff Association. In March 1994 the FSU was further strengthened with the amalgamation of the Commonwealth Bank Officers' Association.