Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Merger discussions for mecu and RegionalOne

Staff Reporter 1 minute read

Environmentally friendly credit union mecu has announced it is in merger discussions with fellow Victorian based credit union RegionalOne.

In a statement released today mecu chairman Peter Crocker said discussions were underway with a formal recommendation for a merger to be presented to members before the second half of the year.

The proposed merger would cement mecu as not only Victoria’s largest credit union but also one the country’s biggest with assets exceeding $2 billion.

Mr Crocker said the merger would also assist mecu to offer a broader range of competitive products and services, greater scale and expertise and greater resources to pursue opportunities for future growth across Victoria.

Since its inception more than 50 years ago mecu has already merged with 26 other credit unions, such as Uni Credit Union in August of last year.

Advertisement
Advertisement
COMMENT HERE
Merger discussions for mecu and RegionalOne
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
RBA 2 TA RBA maintains status quo amid calls to consider cuts

The central bank has held the cash rate at its effective lower bo...

CBA 2 CBA announces interest-only lifeline

The bank has become the second major lender to offer customers t...

digital Brokers cite refinancing as key profit driver

The vast majority of brokers believe that refinancing clients is ...

FROM THE WEB