Firstmac may finally have a path to a banking licence, with Maleny Credit Union's board enthusiastic over an offer from the Brisbane-based mortgage funder.The offer is worth around A$7 million to the owners of the credit union, a mutual, and gazumps long-running talks between MCU and Bendigo and Adelaide Bank for MCU to fold under the Alliance Bank banner.The directors of MCU late last week advised members of the "negotiation of a favourable proposal which, if approved by members, will enable the significant value built up in MCU over its proud 34-year history to be realised for members and the community."The transaction involves the acquisition of MCU by Brisbane-based Firstmac Holdings Limited, part of the Firstmac group of companies which includes Australia's largest non-bank lender."With a changing marketplace, the opportunity with Firstmac Holdings has emerged and MCU is in a position to achieve what the board believes is an excellent outcome and a superior offer for Members and the community."Firstmac Holdings is offering to pay $7 million all up for the business, but only about $4 million will be available to distribute to MCU members, meaning each will receive a payment of about $1200 assuming the transaction is approved.A further $2 million will be paid to the Maleny Credit Union Charitable Trust, "plus at least an additional $30,000 to the trust annually, based on branch profitability".About $1 million will be used to pay back capital to MCU Member Investment Share owners.FirstMac will also offer "a 10-year branch guarantee" for the credit union's sole shopfront in the town.MCU has assets of $51 million.