- Metropolitan Credit Union Ltd
SummaryOn 4 October the Australian Prudential Regulation Authority informed the Commission of the transfer of the entire business of the Metropolitan Credit Union to Credit Union Australia.
Market definitionFinancial services
Competition analysisCredit unions offer a broad range of financial services. Credit unions offer a similar range of products to banks and building societies.
The proposed merger will not cross the Commission's concentration thresholds for either the exercise of unilateral market power or combined market power for the provision of financial services, and therefore a substantial lessening of competition is unlikely to occur.
There is little if any competitive overlap between the two parties. The Metropolitan Credit Union is confined in its operations to the Sydney region whereas the closest that Credit Union Australia gets to Sydney is the north coast of New South Wales.
Imports above 10%