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.
