MELBOURNE, Australia (9/11/08)--Austral CU, Melbourne, Australia, will merge with South Australian Savings and Loans credit union--making the country’s second-largest credit union. The combined credit union will have nearly $3.5 billion in assets. Austral has four branches and six agencies. Savings and Loans, which has 39 branches, has three branches in Melbourne (The Advertiser Sept. 9). Savings and Loans had $10.9 million in net profits this month. Austral CU declared a profit of $1.1 million last year on interest revenue of $11.9 million, the newspaper said.