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ISCOVER
Staff Reporter
Australia’s largest credit union, Credit Union Australia, is set to get even bigger as speculation mounts that it will soon merge with Maleny Credit Union.
The merger announcement comes weeks after CUA revealed its plans to double in size within five years.
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CUA boss Chris Whitehead said the merger would allow the union to strengthen its presence in the Sunshine Coast and hinterland and further demonstrates that “CUA is a growing alternative to the major banks.”
Under the conditions of the merger, MCU would be expected to embrace the nationally recognised CUA brand when the merger is finalised later this year.
MCU chief executive officer Greg Stevens said it would mean “great things” for customers.
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