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Consolidation of the superannuation industry is continuing with the announcement Non-Government Schools Super (NGS Super) intends to merge with UCSuper.If it proceeds, the merger will create a single $4.4 billion super fund covering non-government schools and Uniting Church employees.The two funds said a memorandum of understanding had been developed to proceed with discussions around the merger.NGS Super chief executive, Anthony Rodwell-Ball said one of the most important considerations was that both funds had complementary membership profiles."NGS Super's heritage as a fund for non-government schools means many of our members work in faith-based schools. Similarly, UCSuper's membership base consists of Uniting Church employees, so there's a natural affinity between the funds and a strong focus on values.UCSuper chairman, Bruce Binnie, said the fund had undergone a detailed and rigorous process in selecting a merger partner."After a strategic review in 2010, it became clear that our members' interests would be best served by merging with a like-minded partner. We believe this is the most effective way to manage costs, deliver a great member experience and gain access to the best funds management," he said.