Queensland credit unions find common ground
Queensland Country Credit Union and Queenslanders Credit Union plan to merge, in a long anticipated amalgamation of the mutual ADI sector.The merged entity "would form the second largest Queensland based Credit Union, with assets approaching A$2.1 billion," the pair said in an announcement to members yesterday. It will have "a network of 38 branches and agencies stretching from Stanthorpe in the south to Weipa in the north and west to Mount Isa."Queensland Country's Health Fund will also have access to the wider member base of Queenslanders.At this stage only members of Queenslanders will be asked to vote on the proposal, at their annual meeting in November.