Credit union systems merger a success
The merger of Queensland Country and Queenslanders Credit Union was finalised this month, with the amalgamation of the two Member databases.
Important Update: From 1 September 2026, changes to automatic transfers that help prevent dishonours will affect credit products and Bonus Saver accounts. Learn more
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The merger of Queensland Country and Queenslanders Credit Union was finalised this month, with the amalgamation of the two Member databases.
The next significant milestone in our merger with Queenslanders Credit Union will occur on 4 August 2018 when the banking systems of the two organisations are amalgamated.
The beginning of April marked a significant date for customer-owned banking in Queensland, with the merger of Queensland Country and Queenslanders Credit Union officially taking place.
Queenslanders Credit Union and Queensland Country will join forces to become the second largest mutual in Queensland. At the Queenslanders Annual General Meeting on 30 November, 93% of members who voted were in favour of merging with Queensland Country.
After a year of rapid growth and innovation, Queensland Country Group has reported a net profit before tax of $5.2M at their recent Annual General Meeting held in Townsville.
The Federal Government’s commitment to implement changes to regulatory and legislative settings could prove a game changer for Queensland Country and other member-owned financial institutions, resulting in better outcomes for their Members.