The Supreme Court of Queensland approved the proposedmerger of and , or Your Credit Union.
The Supreme Court approved the merger on May 3 after theplan was approved byYour Credit Union's members in April.
Under the terms of the merger proposal, each Your Credit Unionmember will be entitled to A$4,055 in cash and 696 Auswide Bank shares for eachof their member shares. The scheme consideration is expected to be paid May 19.
As of May 2, US$1 wasequivalent to A$1.31.