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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.

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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
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