In a pre-Presidents Day transaction, the $340 million Connexus Credit Union of Wausau, Wis.  has won member approval to merge the $11 million Maple Hill Credit Union and is looking to consolidate a second Wisconsin CU perhaps within the week.

"I am just not at liberty to discuss a second proposal we have before the members of another credit union," said J. David Christenson, president/CEO of Connexus.

At a Feb. 17 meeting, members of Maple Hill, also of Wausau, agreed to the merger deal following three years of low profits.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.