Badger Campus Credit Union of Madison, Wis., is merging into the$2.1 billion Landmark Credit Union of New Berlin, Wis., pendingregulatory approval and a vote by the Badger Campus members.
|Badger Campus and Landmark boards of directors have alreadyapproved the merger. This is Landmark's second merger deal in justover two months. In November, the $52 million Dodge Central CreditUnion in Beaver Dam, Wis., agreed to merge with Landmark.
|The $13 million Badger Campus CU has lost more than $450,000since 2009, according to NCUA financial performance reports.
|In a press release, Landmark President/CEO Jay Magulski indicated Badger CampusCU's six employees would become Landmark employees.
|The merger adds a branch location in Madison and widensLandmark's charter to include two counties. Badger Campus CUalso operates a branch inside one of the Forest Product Labbuildings in Madison.
|The target date for the merger is March 31 with the merging ofBadger Campus' member accounts into Landmark's computer system thissummer, Landmark CU said.
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