Bank Australia and Intech Credit Union have announced that they will merge.The strategy for the merger involves keeping two brands. If the deal goes ahead, Intech will be rebranded Intech Bank. Bank Australia, which is mutually owned, has 126,000 customers and A$4 billion of assets. Intech has 10,000 members and $300 million of assets. Neither institution is bonded. Intech targets people in the information, communications and technology sector, and that focus would continue, according to the announcement. Bank Australia, which changed its name from bankmecu last year, has been an active participant in the consolidation of the mutual sector. Its last merger was with Swan Hill Credit Union in 2014.Intech chief executive Robert King said: "Achieving additional scale through this merger provides Intech the opportunity to accelerate its own growth agenda by ensuring our members continue to receive highly competitive products and first-rate service offerings.Intech members will meet to approve the merger, which is expected to be completed in 2017.