trending Market Intelligence /marketintelligence/en/news-insights/trending/q6VOmVT8TbU2DVMSw17tuQ2 content esgSubNav
In This List

2 Australian credit unions to merge in 2018

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


2 Australian credit unions to merge in 2018

Australian credit union companies Queenslanders Credit Union Ltd. and Queensland Country Credit Union Ltd. are set to merge on April 1, 2018.

The deal would create the second-largest credit union in Queensland, Australia, with assets nearing A$2.1 billion and a network of 33 branches and agencies, according to a Dec. 1 release.

At Queenslanders' annual general meeting on Nov. 30, 93% of its members voted in favor of merging with Queensland Country.

With the merger, Queensland Country Chairman Bruno Cullen will become chairman of the amalgamated entity, while Queenslanders Chairman Christine Flynn will become deputy chairman.

The two parties announced their intent to merge in May.