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ECU Australia members OK merger with Queensland Country Credit Union

Members of ECU Australia Ltd. have approved the company's merger with Queensland Country Credit Union Ltd.

The merger was approved during a Dec. 2 meeting. The transaction will result in a combined credit union with assets of more than A$1.7 billion, four agencies, 29 branches and 70,000 members.

As of Dec. 2, US$1 was equivalent to A$1.34.