On Wednesday afternoon P&N Bank held their General Meeting to decide whether they too agreed with the proposed merger with bcu.
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P&N CEO Andrew Hadley said its members had voted "above and beyond" the required 75 per cent required in favour of the two credit unions joining forces.
"I respect that there would be some of you who were not supportive of the merger. I hope in time you will come to appreciate the benefits of the merger as we transition to a larger and stronger organisation while keeping our members at the heart of everything we do," he said.
The next steps in the process towards formalising the merger includes seeking approval from the financial regulator, APRA.
The tentative date of the start of the newly merged entity is November 1.
Previously on the merger:
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Mel Leigh Dee
Mel is a journalist at the Guardian News and is based in Macksville.
Mel is a journalist at the Guardian News and is based in Macksville.
