Two Large Australian CUs InMerger
ARMIDALE, Australia - (11/11/04) The merger of Peel Valley CU and NewEngland CU will create the largest inland credit union Down Under,following a vote of NECUs membership in favor of the merger.The union was approved with 97% of those NECU members who votedsupporting the move. Earlier, PVCUs voting members supportedthe merger by 98%. No employees will lose their jobs due to themerger, the CUs reported. The merged credit union will beheadquartered in Armidale.