Huge credit union emerging in NSW

The boards of Hunter Mutual Credit Unions and the New England Credit Union (NECU) have agreed to ask their members to vote on a merger proposal early in 2010. The combined entity would become the largest inland credit union in Australia with 73,000 members, 28 branches, 240 staff and about $1 billion in total assets.

Hunter Mutual will retain its name, branches and staff. In recent years NECU has merged with Orana CU and Peel Valley CU.

Source: Hunter Mutual CU

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