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MERGER TO CREATE AUSTRALIA'S LARGEST CREDIT UNION.
MELBOURNE, Nov 1 Asia Pulse - Australia's largest credit union, with $A1.32 billion ($US662.11 million) in assets and combined membership of membership of 201,000, will come into being with the merger between the Australian Central and Northern Territory Credit Unions.
In voting yesterday at separate general meetings more than 90 per cent of members of each credit union were in favour of the merger, Australian Central said.
Australian Central chief executive Peter Evers said the merger means expansion within the existing NT market and greater distribution access, better services for members and an increased revenue base.
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