The $31 million, 5,974-member Price Credit Union in Prentice, Wis., will merge with the $225 million, 22,751-member Heritage Credit Union in Madison, Wis., on April 30.
Price CU operates three branches in northern Wisconsin. The merger will bring Heritage's branch count to 10. The credit union also operates two branches in Illinois.
Bob Lestina, Heritage CU's CEO/president, said the merger will expand Heritage's presence in northern Wisconsin.
This merger represents the second for Heritage CU in less than a year. In June 2012, the $5.6 million Truax Credit Union in Madison merged with Heritage CU.
Meanwhile in Ohio, the $2 million, 295-member Burgess & Niple Employees Credit Union in Columbus merged with the $187 million, 24,826-member Pathways Financial Credit Union in Columbus on April 1.
The merger with Burgess & Niple Employees Credit Union is the first merger since three credit unions combined to become Pathways Financial Credit Union.
Last Aug. 1, the $52 million Members First, the $62 million Powerco and $65 million Western credit unions merged to form Pathways FCU. It is believed to have been the first triple merger of credit unions in the state.
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
Already have an account? Sign In Now
© 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.
