Mergers happen, and three veteran Wisconsin credit unions have decided that there is strength in numbers when it comes to facing the challenges of an increasingly competitive financial market.
As of April 30, the $396 million CitizensFirst Credit Union in Oshkosh will merge with the $109 million Lakeview Credit Union in Neenah and the $68 million Best Advantage Credit Union in Brillion.
As Wisconsin's first three-way credit union merger, arrangements among the state-chartered institutions await final regulatory approval from the NCUA and the state's Department of Financial Institutions, as well as the votes of both Lakeview and Best Advantage credit unions' members.
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