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Victoria’s largest credit union, mecu, is set to merge with RegionalOne Credit Union, after members voted strongly in support of the amalgamation, the credit union revealed yesterday.
According to mecu the merger will make it one of the country’s largest credit unions with assets exceeding $2.2 billion, over $223 million in capital and 30 branch locations.
The credit union is also on track to merge with fellow Victorian based mutual Maroondah Credit Union by mid-July, according to plans announced in March.
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Last August mecu merged with Queensland based Uni Credit Union which brought its branch network to 17 and assets to $1.7 billion.
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