Acquirer: Statehealth Credit Union Ltd; Target: Transport Industries Credit Union Ltd

Acquirer(s)

  • Statehealth Credit Union Ltd

Target(s)

  • Transport Industries Credit Union Ltd

Summary

The Commission was notified of a pending transfer of the entire business of the Transport Industries Credit Union Limited to the Statehealth Credit Union Limited on 19 August 2002 by the Australian Prudential Regulation Authority.

Market definition

Credit unions offer a broad range of financial services. In the main, credit unions offer savings products including term deposit accounts and transaction accounts, loan products which include personal loans, car loans, mortgage loans and credit cards, as well as financial planning advice and business accounts. The relevant geographic market is for New South Wales.

Competition analysis

The proposed merger will not cross the Commission's concentration thresholds for either the exercise of unilateral market power or combined market power. Given that the proposed merger will not cross the Commission's market power concentration thresholds, a substantial lessening of competition is unlikely to occur.

Merger type

Horizontal

Guidelines thresholds

Below

Imports above 10%

Unknown

Initiation

Other

ANZSIC code

7323