The former Railways Credit Union, which rebranded to "MOVE" almost two years ago, has broken new ground after winning regulatory approval to market itself as a bank.The Queensland-based deposit taker has rebranded to "MOVE Bank", making it the first credit union with regulatory capital of less than A$400 million to be allowed to make the conversion.Move Bank, which provides banking services to workers employed in the rail and transport industries, holds Tier One capital of around $60 million.Chief executive Therese Turner said the decision to overhaul the mutual's nomenclature was an easy one, given research showing that most people don't know what a credit union is."The new name is a critical factor as we continue to reach new people within the industry we serve," she said."Being able to say we're the bank for rail, transport and logistics employees means people instantly understand who we are and how we can help them."However, Turner highlighted the company's commitment to mutual principles."MOVE Bank remains customer-owned and we will continue to put the needs of members first in everything we do."