Two of North Queensland’s longest serving member-owned credit unions will officially become one after today when ECU close its doors for the final time and reopen on Monday as the merged Queensland Country Credit Union.
Queensland Country CEO Aileen Cull said the merger provided more than just an increase in size to Members of both credit unions.
“Over the weekend we’ll be working to migrate our ECU Members across to the Queensland Country banking platform. From this banking platform we’ll service over 70,000 Members across Queensland, supporting $1.6B in assets.
“As the second largest credit union based in Queensland we will have the capability to deliver the best and fairest banking needs to all of our Members with the continued level of personal service both organisations have built their reputation on. We see ourselves as a genuine alternative to the major Banks.
“The merged entity will have an expanded branch network across Queensland of 29 branches and two agencies. In addition to delivering an expanded branch network and improved online and digital platforms the merger is about meeting the needs of its members’ financial needs today and well into the future.
“As a home grown Queensland business with its head office in regional Queensland, I am extremely proud of the organisation’s growth over its 47 years and today marks a significant milestone in that journey.
“The merger of these two organisations, that share a similar history and values, was recognised by ECU Board and Members as an opportunity for both entities to combine the best of their knowledge, experience, resources and products, and that’s what we’ve achieved.”