The $220 million Heritage Credit Union of Madison, Wis., ismerging with a smaller peer, the $5.6 million Truax Credit Union,after the Truax board selected Heritage as a partner, it wasannounced this week.
|In a statement, Anita Rauch, president of Heritage, said themerger was formally made effective June 30.
|“Since opening in 1956, Truax Credit Union has offered financialservices to members though a branch conveniently located at theDane County Regional Airport and serves military employees,” saidRauch.
|Following computer conversion, HeritageCredit Union will serve 26,500 members at nine branches insouthern Wisconsin and Illinois. Heritage Credit Union wasestablished in 1934 to serve the employees of Oscar Mayer &Co.
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