He said Queensland Country Bank had the financial capacity to keep up with technology demands within the banking sector that the credit union did not. The 3100-member business had $56.2 million in total assets at the end of the 2020 financial year, according to its annual report. It said loans to members dropped by $4.1 million to $27.9 million. In comparison Queensland Country Bank s total assets were listed as $2.4 billion last year. Attempts of sales and mergers date back to 2011 when members protested and voted against a proposed deal with Credit Union Australia. In March 2020 a planned acquisition by non-bank lender Firstmac for $7 million fell through after Treasurer Josh Frydenberg deemed it was not in the national interest.