Recapitalising the assets and risks of Queensland Professional Credit Union was the primary task for Auswide Bank over the year, one that's chewed up some capital.Effective from May 2016, Auswide absorbed QPCU and the trading name Your Credit Union.Auswide Bank reported a capital adequacy ratio at June 2016 of 14.3 per cent, Auswide CEO Martin Barrett explained in a media release on the result.Barrett said this compared with 15.2 per cent at June 2015. "The level of capital reduced as a result of Auswide Bank's investments in M&A and loan funding, and remains well beyond the Board target of 13.5 per cent", Barrett said. The Tier 1 capital ratio at 30 June 2016 was 11.9 per cent compared with 12.6 per cent for 2014-15.QPCU received A$4055 in cash plus 696 Auswide Bank shares, valued yesterday at $7410, which is over $1400 more than the value when the members voted to hand their credit union business off to the bank.