April Springs New Credit Union Mergers in Ohio, Wisconsin
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.