Home > About us > Member news > Archive of news > Teachers Credit Union and mecu

Teachers Credit Union and mecu

30 September 2009

On 31st August 2009 Teachers Credit Union and mecu Limited entered into a Memorandum of Understanding to investigate the commercial and member benefits to be derived from consolidating their assets, liabilities and undertakings into a single legal entity.

The Boards of both credit unions are at present continuing their discussions on the possibility of a merger. The business case for the merger is being carefully examined, and we are each evaluating whether such a move is in the best interests of our respective members.

We will provide more information as it becomes available.