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.

mecu and RegionalOne to merge

Staff Reporter 1 minute read

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.

Last August mecu merged with Queensland based Uni Credit Union which brought its branch network to 17 and assets to $1.7 billion.


mecu and RegionalOne to merge
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Michael Russell MoneyQuest Brokerage head calls out ‘unacceptable’ turnaround delays

It is “unacceptable” that turnaround times in branches can be...

gentlmen handshake Ex-Time Home Loans director partners with AFG

The aggregator has partnered with former Time Home Loans director...

farmer ta 34% of farmers eyeing raised business investment

Roughly one-third of Australian farmers expect to increase their ...