On 1 April 2018 Queensland Country will merge with Queenslanders Credit Union to form the second largest credit union in Queensland.
The goal is to build a genuine, customer—owned alternative to the big banks for ALL Queenslanders.
Find out more
Below, you can watch a short video about the merger featuring the Chairs of both Queenslanders Credit Union and Queensland Country Credit Union.
To submit an enquiry or any feedback, you can call us on 1800 075 078 or email email@example.com.
About the merger
What will the merger achieve?
- A stronger, more resilient, Queensland centric, mutually owned organisation
- Significant operational savings from head and back office synergies, which will be used to fund improved services and functionality
- The opportunity to grow
- An improved range of products, services and access channels for our combined Members
- An enhanced commitment to our Members, communities, and the customer-owned banking model
What will the merged credit union look like?
- Total assets over $2 billion
- The 12th largest customer-owned banking organisation in Australia
- The second largest Credit Union in Queensland
- Approximately 380 staff
- 33 branches and service centres
What does it mean for staff and how will it impact on branches?
The merger opens up new opportunities for staff who work with us but there are not expected to be any changes to staffing in the initial phase of the integration. We do not anticipate any branch closures in the medium term. Any decisions to streamline services to drive operational efficiencies in the long term will be balanced by what is in the best interest of Members.
Who will lead the merged organisation?
- Bruno Cullen, the current Chair of Queensland Country, will continue to be the Chair following the merger
- Christine Flynn, the current Chair of Queenslanders, will be the Deputy Chair
- Aileen Cull, the current CEO Queensland Country, will lead the merged organisation
- John Weier, the current CEO of Queenslanders, will retire as an employee and assume a position on the Board of the merged organisation
Who are Queenslanders Credit Union?
Queenslanders was formed in 1963 as the Queensland Public Service Employees’ Credit Union.
Some of the Credit Unions that have merged into Queenslanders over their history include Austax Credit Union, Ipswich Credit Union; Queensland Coal Mining Industry Credit Co-op and Media Credit Union.
They currently have approximately 17,000 customers, employ 52 staff and have total assets of almost $350 million.
Queenslanders currently have a network of five branches: Brisbane City (George Street), Ipswich (Booval, Brassall and Yamanto), and Townsville (Annandale). Before the merger was announced, plans were underway to close the Annandale branch. Subsequently, the lease was extended until the two organisations legally merge on 1 April 2018.
Queenslanders support local communities through sponsorships and donations in a similar way to Queensland Country Credit Union. They support such groups as the Ipswich Rugby League Referees Association, the South Brisbane Rugby Union Club, Ipswich Junior Cricket and Ipswich Cycling Club.